March 13, 2020 / 7:35 AM / 15 days ago

BRIEF-Redmile Group Agrees To Acquire Redx Pharma For 15.5 pence Per Redx Share

March 13 (Reuters) - Redmile Group:

* RECOMMENDED MANDATORY OFFER FOR REDX PHARMA PLC

* AGREED TO ACQUIRE ABOUT 75 MILLION REDX SHARES, REPRESENTING ABOUT 39.5% OF TOTAL REDX SHARES, FROM MOULTON GOODIES LIMITED

* REDX SHARES BROUGHT AT A PRICE OF 15.5 PENCE PER REDX SHARE

* AFTER DEAL, WILL HOLD 86.5 MILLION REDX SHARES, REPRESENTING ABOUT 45.5% OF THE TOTAL REDX SHARES AND VOTING RIGHTS OF REDX

* OFFER VALUES THE ENTIRE ISSUED AND TO BE ISSUED SHARE CAPITAL OF REDX, AT APPROXIMATELY £29.45 MILLION

* WILL FINANCE THE OFFER FROM ITS EXISTING CASH RESOURCES Source text for Eikon: Further company coverage:

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