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Stock impact report

Societal CDMO stock soars 133% on takeover deal [Seeking Alpha]

Societal CDMO, Inc. (SCTL) 
Company Research Source: Seeking Alpha
Under the agreement, CoreRx will commence a tender offer for all of Societal CDMO's outstanding shares. Following the closing of the offer, CoreRx will then acquire all remaining shares at the same price, without a vote by Societal CDMO shareholders. Societal CDMO's board has unanimously approved the deal and will recommend shareholders tender their shares. The transaction is expected to close in Q2 2024. Based in Florida, Societal CDMO is a contract development and manufacturing organization focused on small molecule therapeutics. Recommended For You Recommended For You About SCTL Stock Related Stocks Trending Analysis Trending News Show less Read more
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