RTTNews | Aug 31, 2020 01:44AM EDT

01:44 Monday, August 31, 2020 (RTTNews.com) - Aimmune Therapeutics Inc. (AIMT) announced definitive agreement for Socits des Produits Nestl, S.A. to acquire the company for $34.50 per share in an all-cash transaction, implying a fully-diluted equity value of $2.6 billion. The offer price represents 174% premium to Aimmune's closing price on August 28, 2020.

Socits des Produits Nestl, S.A. is a part of Nestl Health Science and a wholly owned subsidiary of Nestl S.A. (NSTR.L).

The company expects this transaction to close in the fourth quarter of 2020.. Until that time, Aimmune will continue to operate as a separate and independent company.

This agreement was unanimously approved by all of the independent members of the Aimmune' Board.

Jayson Dallas, President and Chief Executive Officer of Aimmune, said, "This acquisition provides strong value for our shareholders and ensures a level of support for PALFORZIA and our pipeline that will further enhance their potential for patients around the world living with food allergies."

Read the original article on RTTNews ( https://www.rttnews.com/3124802/socits-des-produits-nestl-to-acquire-aimmune-for-34-50-shr-quick-facts.aspx)

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