Savvy Trades and Investments

[RNsidersbuying]

RPHM 1.60 - this cashfat-biobust receives a cash offer of 1.80. Even if the offer is suspect, the $3+ cash value per share remains legit. Is this a gimme? Thoughts?

December 26, 2023

Board of Directors
Reneo Pharmaceuticals, Inc.
c/o Gregory J. Flesher, President and Chief Executive Officer

18575 Jamboree Rd., Suite 275-S

Irvine, CA 92612

Re: Acquisition Proposal

Dear Directors:

On behalf of Concentra Biosciences, LLC, I am pleased to submit this non-binding proposal to acquire 100% of the equity of Reneo Pharmaceuticals, Inc. for $1.80 per share in cash, plus a contingent value right (“CVR”) representing the right to receive 80% of the net proceeds payable from any license or disposition of Reneo’s programs (the “CVR Products”).....

https://capedge.com/filing/1637715/0001214659-23-016861/RPHM-SC13D