InsideArbitrage Potential Deal Alert: Asensus Surgical (ASXC) Announces Non-Binding Acquisition Proposal and Exclusivity Arrangement with KARL STORZ

  • April 3, 2024


StockAsensus Surgical, Inc.SymbolASXC
Date Announced04/03/2024Source Press Release
TypeUnsolicited BidAcquiring Company/Person KARL STORZ SE

Asensus Surgical (ASXC) has signed a non-binding letter of intent with Germany based KARL STORZ to explore a potential acquisition. KARL STORZ proposed to purchase all outstanding shares of Asensus’ common stock for $0.35 per share in cash. The agreement includes a ten week exclusivity period during which Asensus will not engage in negotiations for alternative transactions.

Asensus Surgical Investor Relations

Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.