BRIEF-Jounce Says Termination Of Proposed Business Combination With Redx Pharma PLC

Reuters2023-04-03

April 3 (Reuters) - Jounce Therapeutics Inc :

* TERMINATION OF PROPOSED BUSINESS COMBINATION OF JOUNCE THERAPEUTICS, INC. AND REDX PHARMA PLC

* JOUNCE HAS CONFIRMED THAT IT DOES NOT WISH TO SWITCH TO A CONTRACTUAL TAKEOVER OFFER

* JOUNCE'S BOARD OF DIRECTORS HAS WITHDRAWN ITS RECOMMENDATION TO PROCEED WITH REDX BUSINESS COMBINATION

* JOUNCE BELIEVES IT IS UNLIKELY THAT JOUNCE STOCKHOLDERS WOULD SUPPORT REDX BUSINESS COMBINATION

* JOUNCE HAS CONFIRMED THAT IT DOES NOT WISH TO SWITCH TO A CONTRACTUAL TAKEOVER OFFER

* JOUNCE'S DECISION WAS BASED UPON RECEIPT OF AN UNSOLICITED PROPOSAL FROM CONCENTRA BIOSCIENCES

Source text for Eikon: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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