Brief: Rapid Micro Biosystems announces review of strategic alternatives to maximize shareholder value

Rapid Micro Biosystems

12/08/2022 12:13

Aug 12 (Reuters) - Rapid Micro Biosystems Inc  RPID.O :
    * RAPID MICRO BIOSYSTEMS ANNOUNCES REVIEW OF STRATEGIC
ALTERNATIVES TO MAXIMIZE SHAREHOLDER VALUE
    * RAPID MICRO BIOSYSTEMS INC - ADOPTS LIMITED DURATION
STOCKHOLDER
RIGHTS PLAN
    * RAPID MICRO BIOSYSTEMS INC - REJECTS UNSOLICITED,
NON-BINDING
PROPOSAL FROM KENNEDY LEWIS INVESTMENT MANAGEMENT
    * RAPID MICRO BIOSYSTEMS -NO ASSURANCE STRATEGIC
ALTERNATIVES
PROCESS WILL RESULT IN CO PURSUING A PARTICULAR TRANSACTION OR
ANY OTHER STRATEGIC OUTCOME
    * RAPID MICRO BIOSYSTEMS - RIGHTS PLAN DOES NOT PRECLUDE
BOARD
FROM ENGAGING WITH PARTIES OR CONSIDERING OFFER IT BELIEVES
RECOGNIZES FULL VALUE OF CO
    * RAPID MICRO BIOSYSTEMS INC - RIGHTS PLAN WILL
AUTOMATICALLY
EXPIRE ON DAY AFTER COMPANY'S 2023 ANNUAL MEETING OF
STOCKHOLDERS
    * RAPID MICRO BIOSYSTEMS - RIGHTS WILL BECOME EXERCISABLE IF
ENTITY, PERSON, GROUP ACQUIRES OWNERSHIP OF 15% OR MORE OF
OUTSTANDING CLASS A COMMON STOCK

Source text for Eikon:  ID:nGNXbQHxNs 
Further company coverage:  RPID.O