Rapid Micro Biosystems eyes best day ever on take-private offer

Rapid Micro Biosystems

30/06/2022 19:57

(Updates)
    ** Life sciences tech firm Rapid Micro Biosystems Inc's
 RPID.O  shares rise ~37% to $4.35, on track for best day ever
    ** Private credit manager Kennedy Lewis Investment
Management offered to take Rapid Micro private for $5/shr in
cash  urn:newsml:reuters.com:*:nPn2r5Ddja
    ** Offer price represents 57.2% premium to RPID's last close
    ** Kennedy Lewis, in a letter to RPID's board, says it has
the ability to fully finance the all-cash proposal and the deal
will not include a financing condition
    ** RPID confirms it has received an unsolicited, non-binding
proposal from Kennedy Lewis  urn:newsml:reuters.com:*:nGNX71TRM7
    ** Rapid Micro says board will review the unsolicited
proposal
    ** Company's shares down ~59% this year

 (Reporting by Nandhini Srinivasan and Ananya Mariam Rajesh in
Bengaluru)
 ((Nandhini.srinivasan@thomsonreuters.com))