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Tuesday, October 18, 2022

LG Chem to Acquire AVEO Oncology for $15.00 Per Share in Cash

 

  • Acquisition Provides LG Chem’s Life Sciences Division a Commercial Footprint in the U.S., Diversifies its Pipeline with a Broad Range of Oncology Therapies and Accelerates LG Chem’s Efforts to Deliver Continued Growth

  • AVEO Will Have Enhanced Ability to Deliver on its Mission to Improve the Lives of Patients with Cancer

  • AVEO to Establish and Operate as the U.S. Commercial Foundation for LG Chem Life Sciences’ Oncology Segment

  • Transaction Price Represents a 43% Premium to AVEO’s Closing Price on October 17, 2022

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