Image source: © 2025 Krish Capital Pty.Ltd
Highlights
• Shareholders to receive USD3.01 cash plus up to USD1.19 via contingent value right
• Upfront and total offer reflect 126% and 216% premiums to pre-announcement Nasdaq price
• Transaction supported unanimously by Theratechnologies’ Board of Directors
Theratechnologies Inc. (TSX: TH) has entered into a binding arrangement agreement to be acquired by CB Biotechnology, LLC, an affiliate of Future Pak, for a total potential consideration of USD254 million. The proposed transaction includes an upfront cash payment of USD3.01 per share and one contingent value right (CVR) per share, offering additional payments of up to USD1.19 if specified milestones are achieved.
The arrangement follows a formal sale process led by an independent special committee. The cash component alone represents a 126 percent premium to Theratechnologies’ Nasdaq closing price on April 10, 2025, the day prior to the initial proposal from Future Pak. The combined potential consideration reflects a 216 percent premium.
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