GreenLight Biosciences gains on deal to be acquired by Fall Line Capital

Greenlight Biosciences Holdings PBC

30/05/2023 16:11

(Updates)
    ** GreenLight Biosciences Holdings PBC's  GRNA.O  shares up
42.7% to $0.28
        ** Stock set for its biggest one day pct. gain ever
  
    ** Company to be acquired by group of buyers led by Fall
Line Capital LLC in all-cash transaction valuing GRNA at ~$45.5
mln
    ** Upon completion of transaction, GRNA will become
privately held company
    ** GreenLight shares down ~87% YTD

 (Reporting by Sriparna Roy in Bengaluru)
 ((Sriparna.Roy@thomsonreuters.com))