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DewDiligence

11/02/20 8:50 AM

#235386 RE: DewDiligence #233489

SNY acquires KDS.AS for €5.45 cash—a 272% premium to Friday’s closing price:

https://finance.yahoo.com/news/sanofi-offers-acquire-kiadis-308-060000220.html

The $272% premium is one of the largest ever paid in a biotech buyout (see table in next post). The nominal deal value is ~$360M (€308M).

SNY and KDS.AS inked a platform-licensing deal in Jul 2020 (#msg-156765531).