Standard BioTools and SomaLogic Planned Merger
December 22, 2023
SomaLogic, Inc. announced a proposed merger with Standard BioTools Inc., but several SomaLogic shareholders publicly urged a “no” vote. Tikvah Management and Madryn Asset Management criticized the merger on grounds including alleged undervaluation, process and disclosure concerns, and quality of Standard BioTools’ business and balance sheet.
- Buyers
- Standard BioTools Inc.
- Targets
- SomaLogic, Inc.
- Industry
- Healthcare Services
- Location
- United States
- Transaction Type
- Buyout
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