Brief: RTW Biotech To Acquire Arix Bioscience's Assets

Arix Bioscience

01/11/2023 07:32

Nov 1 (Reuters) - Arix Bioscience PLC  ARIX.L :
    * RTW BIOTECH OPP. ARIX BIOSCIENCE PLC  - RTW BIOTECH TO
ACQUIRE
ARIX BIOSCIENCE'S ASSETS
    * RTW BIOTECH OPPORTUNITIES LTD - DEAL EXPECTED TO BE
IMMEDIATELY
ACCRETIVE TO RTW BIO NAV PER SHARE AT COMPLETION
    * RTW BIOTECH OPPORTUNITIES: EACH ELIGIBLE HOLDER OF SHARES
IN
ARIX WILL GET 1.4633 NEW RTW BIO SHARES IN EXCHANGE FOR EACH
ARIX SHARE
    * RTW BIOTECH OPPORTUNITIES LTD: EXCHANGE RATIO VALUES EACH
ARIX
SHARE AT £1.43
    * RTW BIOTECH OPPORTUNITIES - CO VIA ITS UNIT EXPECTS TO
ENTER
INTO AN AGREEMENT TO ACQUIRE 33.0 MILLION ARIX SHARES FROM
ARIX'S LARGEST SHAREHOLDER

Source text for Eikon:  ID:nRSA0099Sa 
Further company coverage:  ARIX.L 

 ((Reuters.Briefs@thomsonreuters.com;))