BUZZ-Vigil Neuroscience surge after Sanofi to buy co in $470 million deal

Reuters
05-22
BUZZ-Vigil Neuroscience surge after <a href="https://laohu8.com/S/GCVRZ">Sanofi</a> to buy co in $470 million deal

** Vigil Neuroscience shares VIGL.O jump 245% to $8 premarket as Sanofi to acquire firm in $470 million deal to boost its neurological pipeline

** Sanofi would pay $8 per share to Vigil shareholders, who would also be eligible for a contingent value right $(CVR)$ of $2 per share

** CVR is tied to a drug that Vigil is developing for the potential treatment of Alzheimer's disease

** Shares of Vigil, which have lost a third of their value in the past 12 months, closed at a valuation of about $100 mln on Wednesday

(Reporting by Medha Singh)

((medha.singh@thomsonreuters.com))

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