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Radius Health jumps 14% on $890M buyout offer

Jun. 23, 2022 9:55 AM ETSchnitzer Steel Industries, Inc. (RDUS)By: Dulan Lokuwithana, SA News Editor6 Comments

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The shares of Radius Health (NASDAQ:RDUS) surged 14% in the morning hours Thursday after the commercial stage biotech announced an agreement under which Gurnet Point Capital and Patient Square Capital will acquire the company for $890M.


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Comments (6)

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I. M. Spartacus profile picture
Well this blows. Where are the ambulance-chasing lawyers when you need one?

"Radius Health chairman Owen Hughes added in a press release that the acquisition was unanimously approved by the biotech’s board, adding, “We are confident that this transaction maximizes value for shareholders and provides the clearest path forward for Radius.”"

Estimated P/E for 2024 is <7, so how is this maximizing value for shareholders?
long-term shareholders once again screwed.
joezapp profile picture
Just another example of long-term holders in a biotech realizing a large loss. The beat goes on...
so is this a sell or a hold?
Hmm...i feel like this is not a good deal if i understand the proposed terms....
wow. what a scandel. what on earth is management thinking? absolutely pathetic. hope they get stopped by tutes

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