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Monday, September 18, 2023

Equity Corporate Actions Alert #2023 - 527
Information Regarding the Tender Offer of Decibel Therapeutics, Inc. (DBTX)

Category:

  • Industry Announcement

Markets Impacted:

Contact Information:

  • Nasdaq Corporate Data Operations at
    +1 877 308 0523
  • Nasdaq Trading Operations at
    +1 212 231 5100

Resources:

The tender offer by Regeneron Pharmaceuticals Inc. (REGN) to acquire all of the outstanding common stock of Decibel Therapeutics, Inc. (DBTX) is scheduled to expire one minute past 11:59 p.m. ET on September 22, 2023, unless extended or terminated. The subsequent merger is tentatively scheduled to close prior to the market open on September 25, 2023. In anticipation of the closing, the stock will be halted immediately following the after-hours session at 8 p.m. on September 22, 2023. If the merger closes as planned, the stock will remain halted on the day of closing (September 25th) and will be suspended effective September 26, 2023. The details are as follows:

Company/Issue: Decibel Therapeutics, Inc. Common Stock
CUSIP#: 24343R106
Symbol: DBTX
Anticipated Last Trading Date: September 22, 2023
Anticipated Marketplace Effective Date for Suspension: September 26, 2023
Merger Consideration: $4.00 & one (1) contingent value right for each share held.

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