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DewDiligence

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DewDiligence

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Re: DewDiligence post# 233308

Tuesday, 10/18/2022 11:50:29 AM

Tuesday, October 18, 2022 11:50:29 AM

Post# of 257465
LLY acquires AKUS for $12.50/sh cash—a 78% premium to yesterday’s close:

https://finance.yahoo.com/news/lilly-acquire-akouos-discover-develop-105000897.html

The deal includes a non-tradeable CVR that pays $1.00/sh for each of three contingencies (i.e. $3.00/sh maximum). The nominal deal value (excluding the CVR) is $487M.

AKUS is pursuing gene therapy for hearing conditions. The buyout price is 26% below AKUS’s 2020 IPO price of $17.00 (#msg-156532797).

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

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