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Nestle reports 84% holding in Aimmune Therapeutics

Mamta Mayani ·  Oct 13, 2020 02:16

Société des Produits Nestlé S.A. (SPN), a Nestle(OTCPK:NSRGY)subsidiary announces the results of the tender offer, to purchase all of the outstanding shares of Aimmune Therapeutics'(NASDAQ:AIMT)common stock for $34.50/share. The offer expired on October 9.

Equinity Trust Company, the depositary for the offer, has advised Nestlé that, 43,435,583 shares were validly tendered and not withdrawn, which represents, ~84% of the outstanding shares as of the Expiration Date.

See below overview of Nestle business over past 150 years:

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Previously: Nestle to buy Aimmune Therapeutics for $2.6B (Aug. 31)

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