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DewDiligence

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DewDiligence

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Re: DewDiligence post# 228521

Monday, 08/31/2020 3:30:18 AM

Monday, August 31, 2020 3:30:18 AM

Post# of 251670
Nestlé acquires AIMT @$34.50 in cash—a 174% premium to Friday’s closing price:

https://www.businesswire.com/news/home/20200830005025/en

The nominal deal value is $2.6B. The 174% premium is one of the largest ever for a biotech deal of this size.

Nestle already owned ~20% of AIMT based on investments dating back to 2016 and including, most recently, a $200M addition following FDA approval of Palforzia (#msg-153675586).

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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