InsideArbitrage Potential Deal Alert: Benson Hill (BHIL) Receives Preliminary, Non-Binding Interest from Argonautic

POTENTIAL DEAL DETAILS

Benson Hill (BHIL) announced that it received a preliminary, non-binding indication of interest from Argonautic Ventures Master SPC, on behalf of itself and other co-investors, to acquire all outstanding shares of the company for $0.2236 per share in cash.

The indication of interest states that the Investor Group and their affiliates currently own approximately 16% of the outstanding shares of the company’s common stock and that the composition of the Investor Group may change.

Benson Hill’s Board has formed a special committee to review strategic alternatives. The committee has retained Piper Sandler & Co. as its financial advisor and Foley Hoag LLP as its legal advisor.

Benson Hill Inc. 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.