24/7 Market News Snapshot 03 July, 2025 – Theratechnologies Inc. Common (NASDAQ:THTX)
DENVER, Colo., 03 July, 2025 (www.247marketnews.com) – (NASDAQ:THTX) are discussed in this article.
Theratechnologies Inc. (NASDAQ:THTX), a prominent biopharmaceutical firm, has recently experienced a significant surge in its stock price, soaring by 33.26% to reach $3.145 in pre-market trading. This upward movement stems from the announcement of a binding agreement with CB Biotechnology, LLC, an affiliate of Future Pak, LLC. The agreement, which involves the acquisition of all outstanding common shares of Theratechnologies at a cash price of US$3.01 per share, represents a notable premium of 126% over the stock’s closing price prior to the proposal. Additionally, a contingent value right (CVR) could provide shareholders with extra payments up to US$1.19 per share based on the achievement of specific performance milestones.
The total estimated value of this transaction is approximately US$254 million, reflecting an overarching strategy to maximize shareholder value during a thorough sale process. Frank A. Holler, Chair of the Board of Directors of Theratechnologies, emphasized that the deal underscores Future Pak’s strong endorsement of the company’s innovative therapies and the contributions of its dedicated employees.
Nirav Patel, Chief Growth Officer at Future Pak, expressed enthusiasm regarding the acquisition, highlighting its potential to enhance Future Pak’s capabilities and expand patient access to advanced therapies. The transaction is anticipated to close in the fourth quarter of 2025, subject to customary conditions and shareholder approvals, after which Theratechnologies will transition into a privately held firm, ceasing its status as a public reporting entity.
The Board of Directors of Theratechnologies has unanimously recommended that shareholders approve this transaction, confirming it as a strategic move that aligns with the best interests of the company and its investors. Further details are to be communicated in an upcoming information circular directed at shareholders.
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