Inotiv Inc

+8.76 (+23.26%)
Debt Financing / Related

Inotiv Inc And Envigo Propose To Join Forces To Enhance Research And Drug Discovery Solutions

Published: 09/21/2021 14:55 GMT
Inotiv Inc (NOTV) - Inotiv, Inc. and Envigo Propose to Join Forces to Enhance Research and Drug Discovery Solutions.
Inotiv Inc - Transaction Consideration Consists of $200 Million of Cash and 9,365,173 Inotiv Common Shares, Subject to Certain Adjustments at Closing.
Inotiv - Based Upon Closing Price of Inotiv Common Stock on Sept 20, 2021, Deal Values Envigo at an Enterprise Value of Approximately $545 Million.
Inotiv Inc - Upon Closing of Deal, Inotiv Shareholders Are Expected to Own Approximately 64 Percent of Combined Company on a Fully Diluted Basis.