Recent Updates
Recently added Catalysts
EVO Neutral Sentiment Score: 45/100

Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014 Ad hoc: Comment on withdrawn non-binding offer Hamburg, Germany - Evotec SE (Frankfurt Stock Exchange: EVT, SDAX/TecDAX, Prime

Key Takeaway: Evotec SE has announced that Halozyme Therapeutics has withdrawn its non-binding proposal to acquire the company for EUR11.00 per share. The Evotec Management and Supervisory Boards are actively reviewing the proposal that was initially submitted on November 13, 2024. Despite the withdrawal, Evotec remains confident in its standalone strategy, which aims to boost growth and long-term profitability for its shareholders.

Market Sentiment Analysis

POSITIVE FACTORS

  • Evotec SE maintains confidence in its standalone strategy.
  • The company's strategy is expected to enhance growth and long-term profitability.
  • Management boards are engaged with advisors for thorough assessments.

CONCERNS & RISKS

  • Halozyme Therapeutics has withdrawn its non-binding acquisition proposal.
  • The withdrawal could indicate uncertainty regarding Evotec's market value.
  • The acquisition proposal withdrawal may affect investor confidence.

Full Press Release Details

Disclosure of an inside information acc. to Article 17 MAR of
the Regulation (EU) No 596/2014
Ad hoc: Comment on withdrawn non-binding offer
Hamburg, Germany - Evotec SE (Frankfurt Stock Exchange: EVT,
SDAX/TecDAX, Prime Standard, ISIN: DE 000 566480 9, WKN 566480; NASDAQ: EVO)
Evotec SE has taken notice of the statement made by Halozyme Therapeutics
Inc. on 22 November, stating that it has withdrawn its non-binding proposal to acquire Evotec SE (NASDAQ: EVO) ("Evotec") for
EUR11.00 per share in cash.
The Management Board and Supervisory Board of Evotec, together with
its advisors, have been in the process of thoroughly assessing the Non-Binding Proposal submitted by Halozyme in a letter dated 13 November 2024,
in which it expressed an interest in a combination of Halozyme with Evotec.
The Management Board and Supervisory Board continue to have strong
conviction in the Company's standalone strategy, which is expected to accelerate growth, strengthen the long-term profitability
of the Company and deliver significant value to shareholders.
- End of the ad hoc release -
Contact: Volker Braun, EVP Head of Global Investor Relations &
ESG, Evotec SE, Manfred Eigen Campus, Essener Bogen 7, 22419 Hamburg, Germany, Phone: +49 (0) 151 1940 5058 (m), volker.braun@evotec.com

Frequently Asked Questions

What did Halozyme Therapeutics announce on November 22?

Halozyme Therapeutics announced the withdrawal of its non-binding acquisition proposal for Evotec.

What was Halozyme's proposal for Evotec valued at?

The proposal was valued at EUR 11.00 per share in cash.

How did Evotec's boards react to the acquisition proposal?

Evotec's Management and Supervisory Boards assessed the proposal but remain committed to their standalone strategy.

What is Evotec's strategy moving forward?

Evotec aims to accelerate growth and enhance long-term profitability for shareholder value.

Last updated: Nov 22, 2024