POTENTIAL DEAL DETAILS
|Stock||Stealth BioTherapeutics Corp||Symbol||MITO|
|Date Announced||06/27/2022||Source||Press Release|
|Type||Unsolicited Bid||Acquiring Company/Person||Stealth Parent Limited|
|Date of Confirmation:||08/01/2022||Price at Confirmation:||$0.24|
|Potential Profit:||-10.37%||Annualized Profit:||-108.15%|
Stealth BioTherapeutics Corp (MITO), a clinical-stage biotechnology company announced that its Board of Directors has received a preliminary non-binding proposal letter dated June 24, 2022 from Morningside Venture (I) Investments Ltd. for itself and on behalf of its affiliates and J. Wood Capital Advisors LLC to acquire all outstanding ordinary shares of the Company not already beneficially owned by Morningside, including Shares represented by American Depositary Shares of the Company, in a going-private transaction for US$0.026 in cash per Share and US$0.313 in cash per ADS.
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.