- PureTech Health plc (Nasdaq: PRTC) announces a proposed capital return of $100M to its shareholders by way of a tender offer.
- The capital return of $100M represents approximately 14% of PureTech’s market capitalization based on yesterday’s closing price.
- This follows the company’s announcement that it will receive approximately $293M gross proceeds from its remaining stake in Karuna.
- If the full $100M is not returned, then the company intends to return any remainder following the completion of the Tender Offer, by way of a special dividend.
- Source: Press Release
