Thursday, October 15, 2020

Equity Corporate Actions Alert #2020 - 187
(UPDATED: Merger closed) Information Regarding the Tender Offer of Immunomedics, Inc. (IMMU)


  • Industry Announcement

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The tender offer by Gilead Sciences Inc. (GILD) to acquire all of the outstanding common stock of Immunomedics, Inc. (IMMU) expired one minute after midnight ET, on October 22, 2020. The subsequent merger closed prior to the market open today, October 23, 2020. In anticipation of the closing, the stock was halted immediately following the after-hours session at 8 p.m. on October 22, 2020. The stock will remain halted on the day of closing (October 23rd) and will be suspended effective October 26, 2020. The details are as follows:

Company: Immunomedics, Inc.
Issue: Common Stock
CUSIP#: 452907108
Symbol: IMMU
Last Trading Date: October 22, 2020
Marketplace Effective Date for Suspension: October 26, 2020
Merger Consideration: $88.00 for each share held.

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