XOMA Royalty Corporation to Acquire Turnstone Biologics for $0.34 Per Share Plus Contingent Value Rights
- XOMA Royalty Corporation announced a definitive merger agreement to acquire Turnstone Biologics for $0.34 in cash per share plus contingent value rights.
- The Turnstone Board of Directors unanimously approved the acquisition, with stockholders holding 25.2% of shares signing support agreements.
- The tender offer will commence by July 11, 2025, with the merger transaction expected to close in August 2025.
- Turnstone Biologics has been focused on developing selected tumor-infiltrating lymphocyte therapy for solid tumor treatment.