Brief: Lenz Therapeutics And Graphite Bio Announce Merger Agreement

LENZ Therapeutics

15/11/2023 12:16

Nov 15 (Reuters) - Graphite Bio Inc  GRPH.O :
    * LENZ THERAPEUTICS AND GRAPHITE BIO ANNOUNCE MERGER
AGREEMENT
    * GRAPHITE BIO INC - COMBINED COMPANY EXPECTED TO HAVE
APPROXIMATELY $225 MILLION OF CASH OR CASH EQUIVALENTS AT CLOSE
    * GRAPHITE BIO INC -  GRAPHITE BIO IS EXPECTED TO CONTRIBUTE
$115
MILLION TO COMBINED ENTITY
    * GRAPHITE BIO INC -  GRAPHITE BIO EXPECTS TO PAY A DIVIDEND
TO
GRAPHITE BIO SHAREHOLDERS OF APPROXIMATELY $60 MILLION AT CLOSE
OF TRANSACTION
    * GRAPHITE BIO INC - COMBINED COMPANY IS EXPECTED TO TRADE
ON
NASDAQ UNDER TICKER SYMBOL "LENZ."

Source text for Eikon:  ID:nBwwCNPta 
Further company coverage:  GRPH.O 

 ((Reuters.Briefs@thomsonreuters.com))