Eidos Therapeutics (EIDX) approached by BridgeBio Pharma (BBIO)

  • August 9, 2019

POTENTIAL DEAL DETAILS

StockEidos Therapeutics, Inc.SymbolEIDX
Date Announced08/08/2019Source Press Release
TypeUnsolicited BidAcquiring Company/Person BridgeBio Pharma, Inc.
Date of Confirmation: 10/05/2020Price at Confirmation: $73.01
Potential Profit: 127.73%Annualized Profit: 109.96%

BridgeBio Pharma Inc. (BBIO) is pleased to submit this non-binding proposal to acquire all of the outstanding shares of stock of Eidos Therapeutics, Inc. (EIDX) that are not owned by BridgeBio for a fixed exchange ratio of 1.30 BridgeBio shares for each share of Eidos.

Update(s):

September 12, 2019: Eidos Therapeutics, Inc. (EIDX) announced today that the Special Committee of its Board of Directors unanimously rejected the non-binding proposal dated August 8, 2019 from BridgeBio Pharma, Inc., the parent entity of the Company’s majority stockholder, to purchase all of the outstanding common stock of the Company not already owned by BridgeBio for a fixed exchange ratio of 1.30 shares of BridgeBio common stock for each share of Eidos common stock.

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