Brief: Chinook Therapeutics Enters Into Agreement To Be Acquired By Novartis AG

Chinook Therapeutics

12/06/2023 06:02

June 12 (Reuters) - Chinook Therapeutics Inc  KDNY.O :
    * CHINOOK THERAPEUTICS ENTERS INTO AGREEMENT TO BE ACQUIRED
BY
NOVARTIS AG
    * SAYS  DEAL FORTOTAL EQUITY VALUE OF UP TO APPROXIMATELY
$3.5
BILLION
    * NOVARTIS TO ACQUIRE CHINOOK FOR $40 PER SHARE IN CASH,
WITH
POTENTIAL TO RECEIVE UP TO AN ADDITIONAL $4 PER SHARE
    * CHINOOK THERAPEUTICS - NOVARTIS TO ACQUIRE CO FOR $40 PER
SHARE
IN CASH, WITH POTENTIAL TO RECEIVE UP TO ADDITIONAL $4 PER SHARE
IN CASH

Source text for Eikon:  ID:nGNX2MgDvn 
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 ((Reuters.Briefs@thomsonreuters.com;))