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InsideArbitrage Potential Deal Alert: Liminal Biosciences (LMNL) confirms non-binding proposal from Structured Alpha LP

  • April 5, 2023


StockLiminal BioSciences Inc.SymbolLMNL
Date Announced04/05/2023Source Press Release
TypeUnsolicited BidAcquiring Company/Person Structured Alpha LP
Date of Confirmation: 07/12/2023Price at Confirmation: $8.27
Potential Profit: 25.49%Annualized Profit: 94.95%

Liminal BioSciences (LMNL) the Board of Directors of the company received a non-binding proposal from Structured Alpha LP outlining a potential transaction to acquire all of the issued and outstanding common shares of the Company that SALP does not currently own for US$7.50 in cash per common share.

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.