Brief: HBM Says Valo Health And Khosla Ventures Acquisition To Combine And Create Publicly Traded Company

HBM Healthcare Investments AG

10/06/2021 06:37

June 10 (Reuters) - HBM HEALTHCARE INVESTMENTS AG  HBMN.S :
    * SAID ON WEDNESDAY HBM PORTFOLIO COMPANY VALO HEALTH AND
KHOSLA
VENTURES ACQUISITION CO. TO COMBINE AND CREATE PUBLICLY TRADED
COMPANY
    * TRANSACTION VALUES COMBINED COMPANY AT A PRO FORMA MARKET
VALUE
OF APPROXIMATELY USD 2.8 BILLION
    * HBM HEALTHCARE INVESTMENT WILL REVALUE ITS EXISTING
INVESTMENT
OF USD 15 MILLION IN VALO HEALTH TO REFLECT THE AGREED MERGER
VALUATION
    * NET ASSET VALUE PER HBM-SHARE IS EXPECTED TO INCREASE BY
APPROXIMATELY 0.6 PERCENT
    * CLOSING OF TRANSACTION IS ANTICIPATED TO OCCUR IN THIRD
QUARTER
OF 2021 AND IS SUBJECT TO APPROVAL OF KVAC'S STOCKHOLDERS

Source text for Eikon:  ID:nAWP6lLGvD 
Further company coverage:  HBMN.S 

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