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DewDiligence

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DewDiligence

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Re: puravida post# 228289

Thursday, 01/16/2020 11:07:33 AM

Thursday, January 16, 2020 11:07:33 AM

Post# of 251670
BNTX-NTGN takeunder details (from same PR):

At closing, BioNTech will issue, and Neon shareholders will receive 0.063 American Depositary Shares (ADS) (each ADS representing one ordinary share of BioNTech) in exchange for each of their shares of Neon. The exchange ratio implies a deal value of $67 million, or $2.18 per share of Neon, based on the closing price of BioNTech’s ADSs of $34.55 on Wednesday, January 15th, 2020.

The nominal deal price of $2.18 is a 77% premium to NTGN’s closing price yesterday; however, as ‘puravida’ noted, it’s also an 86% discount to NTGN’s 2018 IPO price (#msg-141816576).

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