Rapid Micro Biosystems rises on take-private offer

Rapid Micro Biosystems

30/06/2022 14:48

** Shares of life sciences tech firm Rapid Micro Biosystems
 RPID.O  soar 43.2% at $4.55
    ** Shares rise after private credit manager Kennedy Lewis
Investment Management offered to take co private for $5.00 per
share in cash  urn:newsml:reuters.com:*:nPn2r5Ddja
    ** Offer price represents a 57.2% premium to RPID's last
close of $3.18
    ** 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 was not immediately available for comment
    ** Stock fell 59.6% this year 

 (Reporting by Nandhini Srinivasan in Bengaluru)
 ((Nandhini.srinivasan@thomsonreuters.com))