Pacific Biosciences of California Inc (PACB)

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https://seekingalpha.com/news/3650074-softbank-takes-stake-in-pacific-biosciences-bloomberg?mail_subject=pacb-softbank-takes-stake-in-pacific-biosciences-bloomberg&utm_campaign=rta-stock-news&utm_content=link-3&utm_medium=email&utm_source=seeking_alpha

Jan. 08, 2021 4:38 PM ETSoftBank Group Corp. (SFTBY)By: Vandana Singh, SA News Editor
SoftBank (OTCPK:SFTBY) has reportedly amassed a stake of roughly 6% in Pacific Biosciences of California (NASDAQ:PACB), Bloomberg reports.
The interest, currently worth over $350M, underscores the fast-expanding portfolio of public equity investments by the Japanese conglomerate's asset management business SB Northstar.
In November, the company announced a public offering of $87M priced at $14.25/share.
Last year, the company was blocked by U.S. antitrust enforcers from merging with Illumina in a $1.1B deal.
PACB shares rose as much as 12% on the news before trading was halted.