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Stock impact report

Inhibrx, Inc. Announces Record Date and Expected Distribution Time for Anticipated Spin-Off and the Expected Merger Effective Time for Anticipated Merger [Yahoo! Finance]

Sanofi - American Depositary Shares (SNY) 
US:NYSE Investor Relations: sanofi.com/en/investors
Company Research Source: Yahoo! Finance
May 17, 2024 (the "Record Date") for the previously announced distribution by the Company of 92% of shares of common stock of its subsidiary, Inhibrx Biosciences, Inc. ("SpinCo"), to holders of shares of the Company's common stock on a pro rata basis (the "Spin-Off"). The Company also announced that the distribution in the Spin-Off is expected to occur at 11:59 p.m., Eastern Time , on May 29, 2024 (the "Distribution Time") and the closing date of the previously announced acquisition of the Company by Sanofi (the "Merger") is expected to occur on May 30, 2024 (the "Merger Effective Time"). The completion of the Spin-Off and the Merger remains subject to closing conditions noted in the Company's Definitive Proxy Statement filed on April 26, 2024 , including receipt of shareholder approval at the Company's special meeting of stockholders to be held on May 24, 2024 At the Distribution Time, each holder of shares of the Company's common stock will receive one share of SpinCo common sto Show less Read more
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