POTENTIAL DEAL DETAILS
|Stock||Myovant Sciences Ltd.||Symbol||MYOV|
|Date of Confirmation:||10/23/2022||Price at Confirmation:||$24.54|
|Potential Profit:||0.41%||Annualized Profit:||6.79%|
Sumitovant Biopharma Ltd., a wholly-owned subsidiary of Sumitomo Pharma Co, announced it has submitted a non-binding proposal to the Audit Committee of the Board of Directors of Myovant Sciences Ltd. (MYOV) offering to acquire all outstanding shares of Myovant not already owned by Sumitovant for $22.75 per share in cash
October 2, 2022: Myovant Sciences Ltd (MYOV) rejected a $2.5 billion takeover offer from Sumitovant Biopharma and its parent group Sumitomo Pharma Co Ltd (4506.T) as the bid “significantly undervalues” the U.S. drugmaker.
October 23, 2022: Sumitovant Biopharma Ltd., in conjunction with parent company Sumitomo Pharma Co., Lt, and Myovant Sciences (MYOV) announced that they have entered into a definitive agreement pursuant to which Sumitovant will acquire all outstanding shares of Myovant not already owned by Sumitovant for $27.00 per share in cash.
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.