The future Pak announced that he had submitted two official proposals since January to acquire all ordinary actions in the circulation of theratechnologies (THTX). The most recent proposal, which remains open to the counterpart by Theratechnologies and its board of directors, offers a cash counterpart of $ 3.5 to $ 4.50 per share. The proposal represents a total value of the company of up to $ 2555 million, including: $ 205 million in cash when closed and up to $ 50 million in contingent value rights, in particular: 50% of the annual Egrifta franchise (R) annual gross benefit above $ 30 million per year for three years after the closing. A unique payment of $ 10 million if the Cumulative Egrifta gross profit exceeds $ 125 million over the same three -year period. This offer implies a premium of 164% to 238% during the closing course of Therarachnologies from $ 1.33 to April 10, 2025. “To advance this process effectively and offer convincing value to the shareholders of Theratechnologies, we have submitted several offers on a flexible and attractive framework,” said Nirav Patel, director of growth at Future Pak. “We believe that this proposal provides a significant advantage and a solid base for a constructive dialogue, in order to reach a mutually beneficial transaction.” Despite the repeated awareness and the submission of two detailed proposals, one destined offering a bonus of more than 100% compared to the Pak of Therarachnologies Trading Prix has received a minimum commitment from the company to date. The future Pak confirms that the transaction would not be subject to a possibility of financing and has the full support of its strategic financial partner, Colbeck Capital Management. Future Pak hired Bourne Partners Securities LLC as a financial advisor and Honigman LLP as a legal advisor. Given access to standard reasonable diligence documents, the future Pak believes that it could reach a final agreement and announce a transaction within four to six weeks.
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