Previous Close | 24.55 |
Open | 24.65 |
Bid | 0.00 x 0 |
Ask | 0.00 x 0 |
Day's Range | 24.65 - 24.98 |
52 Week Range | 17.95 - 31.04 |
Volume | |
Avg. Volume | 614,682 |
Market Cap | 72.929B |
Beta (5Y Monthly) | 0.79 |
PE Ratio (TTM) | N/A |
EPS (TTM) | -1.24 |
Earnings Date | N/A |
Forward Dividend & Yield | 0.15 (0.62%) |
Ex-Dividend Date | Sept 28, 2023 |
1y Target Est | N/A |
Labcorp will acquire all of the bankrupt firm's assets on a going concern basis for $239 million in cash consideration and other non-cash consideration, the companies said in separate statements. In February, Invitae filed for voluntary Chapter 11 protection in a U.S. bankruptcy court and said that it intended to pursue a sale process. Invitae's estimated assets were in the $500 million - $1 billion range, while its liabilities were in the $1 billion - $10 billion range, according to the bankruptcy filing.
Laboratory service provider Labcorp said on Wednesday it will acquire Softbank-backed Invitae Corp's assets auctioned through a voluntary bankruptcy protection process, a few months after the genetic test maker filed for bankruptcy. Labcorp will acquire all of the bankrupt firm's assets on a going concern basis for $239 million in cash consideration and other non-cash consideration, the companies said in separate statements. In February, Invitae filed for voluntary Chapter 11 protection in a U.S. bankruptcy court and said that it intended to pursue a sale process.
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