Radius Health Inc.

-0.72 (-6.64%)
Mergers / Acquisitions

Radius Health Announces Deal To Be Bought By Gurnet Point Capital, Patient Square Capital

Published: 06/23/2022 13:26 GMT
Radius Health Inc. (RDUS) - Radius Health Announces Agreement to Be Acquired by Gurnet Point Capital and Patient Square Capital.
Radius Health Inc - Proposed Deal Represents Total Transaction Consideration of Up to Approximately $890 Million.
Radius Health Inc - Potential per Share Value of $11.00, Including $10.00 Cash Paid at Closing and Potential $1.00 Cvr.
Radius Health Inc - Transaction Valued at About $890 Million, Including Assumption of Debt and Assuming Full Payment of Cvr.
Radius Health Inc - Debt Financing for This Transaction Will Be Provided by Orbimed Advisors, Llc.
Radius Health Inc - Including Cvr Payment, Radius Shareholders Will Receive Up to an Aggregate of $547 Million in Cash.
Radius Health - Entity Jointly Owned by Gurnet Point and Patient Square Will Initiate a Tender Offer to Acquire All of Outstanding Shares of Radius.
Radius Health Inc - Radius' Board of Directors Unanimously Recommends That Radius Shareholders Tender Their Shares in Tender Offer.
Radius Health Inc - Plans to Maintain Operations in Boston, Ma and Wayne, Pa Areas.
Radius Health Inc - Upon Successful Completion of Tender Offer, Acquisition Subsidiary Will Be Merged Into Radius.
Radius Health - on Completion of Tender Offer, Remaining Shares of Radius' Common Stock Not Tendered to Be Canceled, Converted Into Right to Get Same Consideration Payable.
Radius Health Inc - Following Completion, Will Become a Private Company and Will No Longer Be Traded on Nasdaq Global Market.