Lilly completes Adverum acquisition, offering $3.56/share plus CVR
ByAinvest
Tuesday, Dec 9, 2025 8:34 am ET1min read
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Eli Lilly and Adverum Biotechnologies announced the expiration of the tender offer by Flying Tigers Acquisition Corporation to purchase all of Adverum's outstanding shares for $3.56 per share plus one non-tradable contingent value right (CVR) per share. The CVR represents the right to receive up to $8.91 per CVR upon specified milestones. The offer expired on December 8, 2025.
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