AIkido Pharma rises on $42.02 mln buyout offer from Shalom Auerbach

Dominari Holdings

10/08/2022 13:56

** Shares of AIkido Pharma Inc  AIKI.O  up 3.8% premarket at
$6.49
    ** Co confirms receipt of an unsolicited offer from Shalom
Auerbach to acquire all of co's outstanding common stock for
$8/share in cash
    ** Offer represents a premium of 28% over the last closing
price of AIKI at $6.25
    ** Up to Tuesday's close, stock was down ~37% YTD

 (Reporting by Raghav Mahobe)
 ((Raghav.Mahobe@thomsonreuters.com;))