Amplitude Surgical: Zydus enters into exclusive negotiations
(CercleFinance.com) - Amplitude Surgical announced this morning that Zydus has entered into exclusive negotiations with PAI Partners and other shareholders to acquire a majority stake in the company, at a price of 6.
25 euros per Amplitude Surgical share.
The purchase price amounts to 256.8 million euros for 85.6% of Amplitude Surgical's outstanding shares and voting rights.
Subject to completion of the acquisition of the controlling interest, Zydus will submit a mandatory simplified tender offer for all remaining Amplitude Surgical shares, at the same purchase price of E6.25 per share.
The acquisition price represents a premium of 80.6% to the closing price on March 10, 2025, as well as premiums of 88.2% and 92.2% to the 3-month and 6-month volume-weighted average prices respectively.
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