** Shares of life sciences tech co Akoya Biosciences AKYA.O rise 52.63% to $4.06 premarket
** Quanterix Corp QTRX.O to acquire AKYA in an all-stock transaction
** QTRX shares up 11.59% at $13.09 before the bell
** Akoya shareholders will receive 0.318 shares of Quanterix common stock for each share of Akoya common stock owned
** Following the close of the transaction, Quanterix shareholders will own about 70% of the combined company and Akoya shareholders will own about 30%
** Last year, AKYA stock fell ~53% while QTRX declined ~61%
(Reporting by Sriparna Roy in Bengaluru)
((Sriparna.Roy@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.