CymaBay Therapeutics Inc (CBAY) has disclosed a new risk, in the Corporate Activity and Growth category.
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CymaBay Therapeutics Inc. faces significant uncertainty regarding the completion of its merger with Gilead, contingent on meeting various closing conditions. These prerequisites include obtaining a majority share tender, ensuring the accuracy of company representations, compliance with no-shop restrictions, and the absence of material adverse effects or legal impediments. The fulfillment of these conditions is critical; however, there is no guarantee they will be met, potentially jeopardizing the merger or leading to its abandonment, which could adversely impact CymaBay’s business and future prospects.
The average CBAY stock price target is $31.69, implying -1.55% downside potential.
To learn more about CymaBay Therapeutics Inc’s risk factors, click here.