Apr. 28 at 6:15 PM
$TERN Equity Corporate Actions Alert #2026 - 286
Information Regarding the Tender Offer of Terns Pharmaceuticals, Inc. (TERN)
https://www.nasdaqtrader.com/TraderNews.aspx?id=ECA2026-286
The tender offer by
$MRK to acquire all of the outstanding common stock of
$TERN is scheduled to expire one minute after 11:59 p.m. ET, on May 4, 2026, unless extended or terminated. If successful, the subsequent merger is tentatively scheduled to close prior to the market open on May 5, 2026. In anticipation of the closing, the stock will be halted immediately following the after-hours session at or around 7:50 p.m. on May 4, 2026. If the merger closes as planned, the stock will remain halted on the day of closing (May 5th) and will be suspended effective May 6, 2026.
TERN shareholders will receive
$53 for each share held.
