BRIEF-Halozyme Withdraws Proposal To Acquire Evotec Following Evotec's Unwillingness To Engage In Discussions

Reuters
22 Nov 2024
BRIEF-Halozyme Withdraws Proposal To Acquire Evotec Following Evotec's Unwillingness To Engage In Discussions

Nov 22 (Reuters) - Halozyme Therapeutics Inc HALO.O:

  • HALOZYME WITHDRAWS PROPOSAL TO ACQUIRE EVOTEC FOLLOWING EVOTEC'S UNWILLINGNESS TO ENGAGE IN DISCUSSIONS

  • REITERATE RAISED 2024 GUIDANCE FOR REVENUE OF $970-$1,020 MILLION AND ADJUSTED EBITDA OF $595-$625 MILLION

  • TO DATE, EVOTEC HAS BEEN UNWILLING TO ENGAGE WITH US TO EXPLORE A POTENTIAL COMBINATION AND A COMPANY SPOKESPERSON HAS PUBLICLY COMMENTED THAT ITS GOAL IS TO REMAIN AN INDEPENDENT COMPANY

Source text: ID:nPn4cwbXMa

Further company coverage: EVTG.DE

(Gdansk Newsroom)

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