Novartis AG has announced the expiration of its tender offer to acquire Regulus Therapeutics Inc. through its indirect subsidiary, Redwood Merger Sub Inc. The offer aimed to purchase all outstanding shares of Regulus at $7.00 per share in cash, plus one contingent value right per share for a potential additional $7.00 contingent on meeting a regulatory milestone. As of the expiration of the offer on June 24, 2025, approximately 74.49% of Regulus's shares were tendered. The transaction is expected to close on June 25, 2025, following the acceptance of the tendered shares.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Novartis AG published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW1001114596-en) on June 25, 2025, and is solely responsible for the information contained therein.