CAMBRIDGE, Mass., May 01, 2025 - Kronos Bio, Inc. (Nasdaq: KRON), a biotechnology company focused on developing small molecule therapeutics for cancer and other diseases, has announced a definitive merger agreement with Concentra Biosciences, LLC. Under the terms of the agreement, Concentra will acquire Kronos Bio for $0.57 in cash per share, along with a contingent value right $(CVR)$. The CVR entitles shareholders to a percentage of the net proceeds from the potential disposition of certain product candidates and cost savings. The merger is anticipated to close by mid-2025, following a tender offer to acquire all outstanding shares of Kronos Bio Common Stock. Kronos Bio's Board of Directors has endorsed the acquisition as beneficial for shareholders.
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