LakeShore Biopharma Announces Receipt of a Preliminary Non-Binding Proposal to Acquire the Company
Proposal for Acquisition: LakeShore Biopharma has received a preliminary non-binding proposal from Oceanpine Capital to acquire all outstanding ordinary shares at a price of $0.86 per share, representing a premium over recent trading prices.
Funding and Conditions: Oceanpine Capital plans to fund the acquisition using rollover equity and available cash, with no financing conditions attached, indicating a streamlined process for the proposed transaction.
Board Review: The Board of LakeShore Biopharma will evaluate the proposal carefully to determine the best course of action for the company and its shareholders, with no decisions made yet regarding the response.
Company Background: LakeShore Biopharma focuses on developing vaccines and therapeutic biologics for infectious diseases and cancer, operating in multiple countries including China, Singapore, and the Philippines.
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