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Bluebird Bio Inc (BLUE) delivers pioneering gene therapies for severe genetic disorders through its advanced lentiviral vector platform. This news hub provides investors and healthcare stakeholders with timely updates on clinical developments, regulatory milestones, and strategic partnerships shaping the future of genomic medicine.
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Bookmark this page for streamlined tracking of Bluebird Bio's advancements in transformative genetic medicines. Check regularly for updates that could impact both patient care and investment considerations in the evolving biotechnology sector.
bluebird bio (NASDAQ: BLUE) urges stockholders to tender their shares by May 29, 2025, for the acquisition by Carlyle and SK Capital. Under the amended agreement, shareholders can choose between: (1) $3.00 per share plus a CVR of $6.84 tied to sales milestones, or (2) $5.00 per share in cash. The Board strongly recommends the transaction, emphasizing it's the only viable option for stockholders to receive value for their shares.
Notably, Ayrmid has confirmed it will not submit a competing proposal. The company warns that failure to secure majority shareholder tender could result in loan default with Hercules Capital, potentially leading to bankruptcy where shareholders would likely receive nothing. All regulatory approvals have been received, and previously tendered shares must be re-tendered with a new election.
Carlyle and SK Capital Partners have amended their agreement to acquire bluebird bio (NASDAQ: BLUE). Under the updated terms, stockholders can now choose between two options: (1) the original offer of $3.00 per share plus a CVR worth $6.84 tied to sales milestones, or (2) a new alternative of $5.00 per share with no CVR.
Important updates require stockholders who previously tendered shares to re-tender their shares with a new election. The tender offer expires on May 29, 2025. The board unanimously recommends stockholders to tender their shares, warning that without majority participation, bluebird risks defaulting on Hercules Capital loans, potentially leading to bankruptcy where shareholders might receive nothing.
bluebird bio (NASDAQ: BLUE) has amended its merger agreement with Carlyle (NASDAQ: CG) and SK Capital Partners. Under the new terms, stockholders can choose between two options: (1) the original offer of $3.00 per share plus a CVR of $6.84 payable upon achieving net sales milestone, or (2) $5.00 per share in cash with no CVR. The board unanimously recommends stockholders to tender their shares, warning that without majority support, the company risks defaulting on loans with Hercules Capital, potentially leading to bankruptcy. The tender offer deadline has been extended to May 29, 2025. As of May 13, approximately 2,281,724 shares have been tendered. All regulatory approvals have been received, and the transaction is expected to close promptly after successful completion of the tender offer.
bluebird bio (NASDAQ: BLUE) has issued an urgent reminder to stockholders to tender their shares for the acquisition by Carlyle and SK Capital before the deadline of 11:59 p.m. Eastern on May 12, 2025. The company emphasizes the critical nature of this tender offer, warning that failure to secure a majority of outstanding shares could result in the company defaulting on its loan agreements with Hercules Capital, potentially leading to bankruptcy or liquidation. In such scenarios, stockholders would likely receive no compensation for their shares. Stockholders holding shares through brokers may face earlier processing deadlines and are encouraged to act promptly.
Carlyle and SK Capital have received all necessary regulatory approvals to proceed with the acquisition of bluebird bio (NASDAQ: BLUE). The merger is expected to complete following a tender offer expiring on May 12, 2025. Shareholders will receive $3.00 per share in cash upfront and a contingent value right (CVR) of $6.84 per share upon achieving a net sales milestone, totaling a potential value of $9.84 per share.
The bluebird Board unanimously recommends shareholders to tender their shares, warning that without majority participation, the company risks defaulting on loan agreements with Hercules Capital. The Board emphasizes this transaction represents the only viable option for stockholders to receive value for their shares, as bankruptcy or liquidation would likely result in no shareholder compensation.
bluebird bio (NASDAQ: BLUE) has announced that Ayrmid failed to submit a binding proposal or secure necessary financing to acquire the company, despite three weeks of engagement and timeline extension. The bluebird Board unanimously reaffirms its support for the previously announced transaction with Carlyle and SK Capital.
The existing agreement, announced on February 21, 2025, offers $3.00 per share in cash and a contingent value right of $6.84 per share upon achieving net sales milestone. This decision follows after Ayrmid's non-binding proposal of $4.50 per share upfront and the same contingent value right failed to materialize into a concrete offer.
The Board's decision comes amid concerns about potential loan covenant defaults without significant capital infusion. The Carlyle/SK Capital transaction emerged as the only viable solution after a comprehensive five-month strategic review involving over 100 potential investors.
bluebird bio (NASDAQ: BLUE) has received an unsolicited non-binding proposal from Ayrmid to acquire the company for $4.50 per share in upfront cash payment plus a one-time contingent value right of $6.84 per share tied to net sales milestone achievement.
This proposal follows bluebird's previously announced definitive merger agreement with Carlyle and SK Capital Partners on February 21, 2025, which offered $3.00 per share in cash plus the same contingent value right of $6.84 per share. While Ayrmid was previously involved in discussions during bluebird's strategic review, they did not submit a proposal during that process.
The bluebird Board of Directors is currently reviewing the Ayrmid proposal while maintaining its recommendation for the existing merger agreement with Carlyle and SK Capital Partners.
bluebird bio (NASDAQ: BLUE) has announced a definitive agreement to be acquired by Carlyle and SK Capital Partners. Under the deal terms, stockholders will receive $3.00 per share in cash plus a contingent value right of $6.84 per share, payable if the company achieves $600 million in net sales within any 12-month period ending by December 31, 2027.
The transaction comes after bluebird's Board conducted a comprehensive review of strategic alternatives, meeting with over 70 potential investors. The Board determined this was the only viable solution following financial challenges and a third FDA denial of their priority review voucher, with the company at risk of defaulting on loan covenants.
David Meek, former CEO of Mirati Therapeutics and Ipsen, will become CEO upon closing. The deal, expected to close in first half of 2025, will take bluebird private and aims to scale their commercial delivery of gene therapies for sickle cell disease, β-thalassemia, and cerebral adrenoleukodystrophy.
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