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Sage Therapeutics (SAGE) Confirms Receipt of Unsolicited Non-binding Acquisition Proposal from Biogen (BIIB)

January 11, 2025 1:45pm

SAGE confirmed (2/10/25) that Biogen (BIIB) has submitted an unsolicited, nonbinding proposal to acquire all of the outstanding shares of SAGE not already owned by BIIB for $7.22 per share.

SAGE closed down -$0.30 or -5.13% at $5.55 with an aftermarket value of +2.56 or +46.11% to $8.11

Consistent with its fiduciary duties and in consultation with its independent financial and legal advisors, the Sage Board of Directors will carefully review and evaluate the proposal made by Biogen to determine the course of action that it believes is in the best interest of the Company and all Sage shareholders.

No Shareholder Action Required at This Time

There is no guarantee that any transaction will result from Biogen’s proposal.

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