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Stock impact report

All-Cash Buyout Sparks Breakout Move in Biotech Name [Globe and Mail, The (Toronto, Canada)]

Lisata Therapeutics, Inc. (LSTA) 
For small and microcap biotech companies, these deals often arrive suddenly, with premium valuations reflecting not just current data but the long-term strategic value of novel platforms and differentiated pipelines. When that happens, the market tends to respond quickly. Shares of Lisata Therapeutics, Inc. ( NASDAQ: LSTA ) are surging Wednesday after the company announced it has entered into a binding term sheet to be acquired by privately held Kuva Labs in an all-cash tender offer. Under the proposed transaction, Kuva will acquire all outstanding shares of Lisata for $4.00 per share in cash, with shareholders also entitled to receive two contingent value rights (CVRs) worth up to an additional $2.00 per share tied to specific future milestones. The $4.00 per share cash consideration represents an approximate 85% premium to Lisata's most recent closing price, while the total potential value including the CVRs equates to an approximate 180% premium. The transaction has been unanim Show less Read more
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