Adverum Biotechnologies to be acquired by Eli Lilly for up to $12.47 per share.
ByAinvest
Monday, Dec 1, 2025 7:04 am ET1min read
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Adverum Biotechnologies has mailed a letter to its stockholders regarding its pending acquisition by Eli Lilly and Company. The acquisition offers $3.56 per share in cash at closing and a contingent value right for up to an additional $8.91 per share, for a total potential of $12.47 per share. The tender offer is scheduled to expire on December 8, 2025.
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