Mizuho Securities Downgrades Spark Therapeutics (ONCE) to Neutral Following Acquisition

Go back to Mizuho Securities Downgrades Spark Therapeutics (ONCE) to Neutral Following Acquisition

BTIG Expects Sarepta Therapeutics (SRPT) To Pop On Competitor Acquisition

February 25, 2019 8:48 AM EST

BTIG analyst, Timothy Chiang, reiterated his Buy rating on shares of Sarepta Therapeutics (NASDAQ: SRPT) and believes shares will get a lift on news of Roche (OTC: RHHBY) acquiring Spark Therapeutics (NASDAQ:... More

Spark Therapeutics (ONCE) to be Acquired by Roche for $114.50/Share

February 25, 2019 6:10 AM EST

Spark Therapeutics (NASDAQ: ONCE), a fully integrated, commercial gene therapy company dedicated to challenging the inevitability of genetic disease, announced today that it has entered into a definitive merger agreement for Roche to fully acquire Spark Therapeutics at a price of $114.50 per share in an all-cash transaction. This corresponds to a total equity value of approximately $4.8 billion on a fully diluted basis, inclusive of approximately $500 million of projected net cash expected at close. The per share price represents a premium of 122 percent to Sparks closing price on Feb. 22, 2019. The merger agreement has been... More