Echo lake capital offers to acquire quince therapeutics, inc.

Offers $1.60 per share in cash offer represents 90% premium to yesterday's closing price stock currently trades below its current cash and investments balance of $2.55 per share company also has other assets including earnouts and nols company is not developing or selling any drugs offer not contingent on outside financing new york, ny / accesswire / march 21, 2023 / earlier today echo lake capital issued a letter to the board of directors of quince therapeutics, inc. (nasdaq:qncx). the letter described a proposal to acquire all the company's common stock for $1.60 per share in cash.
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