Brief: Revolution Medicines Inc Says Will Acquire EQRx In An All-Stock Transaction

EQRx

01/08/2023 12:13

Aug 1 (Reuters) - Revolution Medicines Inc  RVMD.O :
    * REVOLUTION MEDICINES, INC. TO ACQUIRE EQRX, INC. IN
ALL-STOCK
TRANSACTION TO GAIN MORE THAN $1 BILLION IN ADDITIONAL CAPITAL
    * REVOLUTION MEDICINES INC - WILL ACQUIRE EQRX IN AN
ALL-STOCK
TRANSACTION
    * REVOLUTION MEDICINES: SOME EQRX STOCKHOLDERS, REPRESENTING
MORE
THAN 40% OF VOTING SHARES OF EQRX, ENTERED AGREEMENTS TO VOTE
SHARES IN FAVOR OF DEAL
    * REVOLUTION MEDICINES - AT CLOSE OF TRANSACTION, ONE EQRX
DIRECTOR WILL BE DESIGNATED BY REVOLUTION MEDICINES TO SERVE ON
ITS BOARD OF DIRECTORS
    * REVOLUTION MEDICINES - UPON COMPLETION OF TRANSACTION,
EQRX
SHARES WILL CEASE TRADING ON NASDAQ GLOBAL MARKET
    * REVOLUTION MEDICINES-TO CONCENTRATE POST-MERGER FINANCIAL,
HUMAN
CAPITAL ON 3 PRIORITY RAS-FOCUSED ASSETS & PIPELINE OF
MUTANT-SELECTIVE RAS(ON) INHIBITORS

Source text for Eikon:  ID:nGNX3fSpDn 
Further company coverage:  RVMD.O 

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