PureTech rewards shareholders with $100 million tender offer
UK and US-listed drugmaker PureTech Health (LSE: PRTC) has announced plans to return $100 million to its shareholders by way of a tender offer.
The move comes in addition to a recently completed share buyback program worth $50 million.
The latest capital return represents around 14% of the firm’s market cap, and follows an announcement that PureTech will receive $293 million from its remaining stake in Karuna Therapeutics.
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