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Myovant, Sumitomo Beat Investor Suit Over Skadden Advice

Law 360 M&A

and Myovant Sciences Ltd. have escaped for good a proposed class action alleging the companies' merger was undervalued because the lawyers from Skadden Arps Slate Meagher & Flom LLP who helped negotiate the deal had undisclosed conflicts of interest. Sumitomo Pharma America Inc.

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Myovant Agrees To Be Acquired By Sumitomo Pharma Unit In $1.7B Deal As Japanese Company Sweetens Bid

Benzinga

Myovant Sciences, Inc. NYSE: MYOV ) announced late Sunday a deal to be acquired by Japanese pharmaceutical company Sumitomo Pharma Co., Ltd's (OTC: DNPUF ) unit Sumitovant Biopharma. The Deal Terms: The agreement provides for all of the Myovant shares to be acquired at $27 per share in cash, or $1.7

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Myovant Sciences Rejects Sumitovant/Sumitomo Pharma Buyout Offer Of $2.5B

Benzinga

Myovant Sciences Ltd (NYSE: MYOV ) rejected a $2.5 billion takeover offer from Sumitovant Biopharma Ltd and Sumitomo Pharma Co., Ltd, saying that the offer undervalues the company. to acquire the remaining shares of the Company that Sumitovant does not currently hold for a price of $22.75 Sumitovant.

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2 Firms To Lead Investor Suit Over Myovant-Sumitomo Deal

Law 360 M&A

Two firms have been named lead counsel for a proposed class action against Myovant Sciences Ltd. and Sumitomo Pharma America Inc.

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Myovant, Sumitomo Deal Hurt By Skadden Conflict, Suit Says

Law 360 M&A

Pharmaceutical companies Myovant Sciences Ltd. and Sumitomo Pharma American Inc.

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Myovant Sees Stock Soar After Rejecting $2.5B Takeover Bid

Law 360 M&A

Stock in Swiss-based Myovant Sciences Ltd. jumped nearly 37% Monday after the biopharmaceutical company announced it had rejected as too low a $2.5 billion enterprise value offer from Japanese company and majority shareholder Sumitovant Biopharma Ltd.

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Sumitovant Biopharma, Sumitomo Pharma, and Myovant Sciences Enter into Definitive Agreement

Benzinga

Sumitovant Biopharma to Acquire all Outstanding Shares of Myovant for $27 Per Share in Cash. Agreement Unanimously Recommended by Special Committee of Myovant's Independent Directors and Approved by Board. 23, 2022 (GLOBE NEWSWIRE) -- Sumitovant Biopharma Ltd. 23, 2022 (GLOBE NEWSWIRE) -- Sumitovant Biopharma Ltd.

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