Applied Genetic Technologies President and CEO Sue Washer, reminds AGTC stockholders: "A Syncona Limited portfolio company has commenced a tender offer to purchase all outstanding shares of AGTC common stock at a price per share of $0.34 in cash plus the right for AGTC stockholders to receive additional aggregate payments of up to $0.73 per share upon the achievement of specified milestones. AGTC’s Board of Directors has unanimously approved the transaction and recommends that stockholders accept the offer and tender their shares in the offer. AGTC’s Board of Directors believes the transaction represents an attractive offer that is in the best interests of AGTC’s stockholders. Should the majority of outstanding AGTC shares not be tendered, AGTC’s Board of Directors believes that AGTC will have no alternative but to pursue bankruptcy with no certainty of value for stockholders. It is therefore important that you tender your shares in the offer."
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on AGTC:
- Syncona Limited Portfolio Company Extends Tender Offer to Acquire Applied Genetic Technologies Corporation
- *REMINDER* AGTC Urges Shareholders to Tender Their Shares by November 28, 2022 *REMINDER*
- Syncona Commences Tender Offer for All Outstanding Shares of Applied Genetic Technologies Corporation
- Biotech Alert: Searches spiking for these stocks today
- Syncona to Acquire Applied Genetic Technologies Corporation