SCTL - Why Is Biotech/Pharma Contract Service Provider Societal CDMO Stock Trading Higher On Thursday? | Benzinga
Privately held CoreRx Inc. will acquire Societal CDMO Inc (NASDAQ:SCTL), a contract development and manufacturing organization.
CoreRx on Wednesday said it will commence a tender offer to acquire all outstanding shares of Societal CDMO for $1.10 per share in cash.
“We are pleased to enter into this transaction with CoreRx, which delivers substantial value to our shareholders and is the outcome of a thorough review process overseen ...