SomaLogic’s stock surges as it agrees to be bought by Standard BioTools in all-stock merger

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 97%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

SomaLogic Inc.’s stock was up about 12% in premarket trades on Wednesday after the Boulder, Colo.-based specialist in cell proteins agreed to be acquired in...

SomaLogic Inc.’s SLGC, -2.54% stock was up about 12% in premarket trades on Wednesday after the Boulder, Colo.-based specialist in cell proteins agreed to be acquired in an all-stock merger with Standard BioTools LAB, -1.10% valued at about $1 billion. Standard BioTools’ stock was down by 7%. SomaLogic shareholders will receive 1.

11 shares of Standard BioTools common stock for each share of SomaLogic common stock. Based on the Tuesday closing price of Standard BioTools of $2.70 a share, the deal valued SomaLogic at just under $3 a share, above its closing price of $2.30 a share on Wednesday. SomaLogic shareholders will own about 57% of the combined company while Standard BioTools shareholders will about 43%.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 3. in BE

Belgique Dernières Nouvelles, Belgique Actualités