Gamida Cell Ltd (GMDAQ)

[midastouch017]

Novartis to sell its Roche stake in a bilateral transaction to Roche

https://www.novartis.com/news/media-releases/novartis-sell-its-roche-stake-bilateral-transaction-roche

Basel, November 4, 2021 — Novartis has agreed to sell 53.3 million (approximately 33%) Roche bearer shares in a bilateral transaction to Roche for a total consideration of USD 20.7 billion.

Novartis will have $20.7 Billion to go on a shopping spree....

The big question is whether Novartis, which owns 15% of Gamida, will be tempted to spend once more; the pharma giant has reportedly twice turned down an option to buy out the company under an agreement that calls for a $165m up-front payment.

https://www.evaluate.com/vantage/articles/news/snippets/can-gamidas-win-lure-novartis-again

Hmmmmmm!