GHO Capital Partners and Ampersand Capital Partners announced the closing of the previously announced acquisition of Avid Bioservices (CDMO). On 7 November, GHO and Ampersand entered into a definitive merger agreement for Avid to be acquired by funds managed by GHO and Ampersand in an all-cash transaction valued at approximately $1.1B. With the completion of the transaction, Avid’s stockholders are entitled to receive $12.50 per share in cash. The Company’s common stock has ceased trading and will be delisted from Nasdaq.
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