XOMA /
Turnstone
XOMA completes purchase of Turnstone shares
Source for the buyer and target: XOMA Royalty Corp
For the buyer and target.
“Following the consummation of the Offer, the remaining conditions to the Merger set forth in the Merger Agreement were satisfied or waived, and on August 11, 2025 (the “ Closing Date ”), Merger Sub merged with and into Turnstone (the “ Merger ”), the separate corporate existence of Merger Sub ceased and Turnstone continued as the surviving corporation in the Merger (the “ Surviving Corporation ”) and a wholly owned subsidiary of XOMA.”
Published 15 Aug 2025
Open the sourceWhat happened
XOMA completed its purchase of Turnstone shares through a tender offer on Aug. 8, 2025, followed by a merger on Aug. 11, 2025. Turnstone became a wholly owned subsidiary of XOMA. [01]
The offer included $0.34 per share and one contingent value right. Terms of potential payments under the right are set out in the Contingent Value Rights Agreement. [01]
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XOMA completes purchase of Turnstone shares
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Closed
“XOMA completes purchase of Turnstone shares XOMA completed its purchase of Turnstone shares through a tender offer on Aug. 8, 2025, followed by a merger on Aug. 11, 2025”
Open the sourceClosed
“XOMA completes purchase of Turnstone shares XOMA completed its purchase of Turnstone shares through a tender offer on Aug. 8, 2025, followed by a merger on Aug. 11, 2025”
Open the source
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