Tetragon announced the commencement of a tender offer to purchase a portion of its outstanding non-voting shares for a maximum aggregate payment of $25 million in cash.
The tender offer, which was initially announced by Tetragon on 4 March 2024, will be conducted as a "modified Dutch auction" with shareholders able to tender their Tetragon non-voting shares at prices ranging from and including $9.00 up to and including $10.50 per share.
The tender offer is expected to expire at 11:59 p.m. (ET) on 10 April 2024, unless extended or terminated earlier.
The tender offer is not conditioned upon the receipt of any minimum number of shares being tendered.
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