Sanofi to Acquire Provention Bio for $2.9 Billion

March 13, 2023

Sanofi has entered into an agreement to acquire Provention Bio for $25.00 per share in cash, valuing the deal at approximately $2.9 billion. The transaction will be implemented via a cash tender offer followed by a merger, with completion expected in the second quarter of 2023 subject to customary closing conditions.

Buyers
Sanofi
Targets
Provention Bio
Industry
Pharmaceuticals
Location
United States
Transaction Type
Buyout

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