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InsideArbitrage Potential Deal Alert: Jounce Therapeutics (JNCE) Confirms Receipt of Unsolicited Proposal from Concentra Biosciences

  • March 15, 2023


StockJounce Therapeutics, Inc.SymbolJNCE
Date Announced03/14/2023Source Press Release
TypeUnsolicited BidAcquiring Company/Person Concentra Biosciences, LLC
Date of Confirmation: 03/27/2023Price at Confirmation: $1.85
Potential Profit: 24.16%Annualized Profit: 678.37%

The Board of Directors of Jounce Therapeutics (JNCE), a clinical-stage company focused on the discovery and development of novel cancer immunotherapies and predictive biomarkers, confirmed that Concentra Biosciences, of which Tang Capital Partners is the controlling shareholder, has made an unsolicited and non-binding proposal to acquire 100% of the equity of Jounce.

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.