Aimmune soars 172% after Nestle agrees to acquire for $2.6 billion - Business Insider

follow-on investment in the company. Nestle had originally invested in Aimmune in 2016.

Nestle expects the acquisition to be accretive to its organic growth in 2021, and accretive to cash earnings by 2022 or 2023, the company said. Nestle will launch a tender offer to acquire all shares it doesn't already own for $34.50, representing a 174% premium to Aimmune's Friday closing price of $12.60, and a total enterprise value of $2.6 billion.

Nestle will finance the acquisition with cash on hand and expects the transaction to close in the fourth quarter of 2020.Something is loading.By clicking ‘Sign up’, you agree to receive marketing emails from Business Insider as well as other partner offers and accept our

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