Cerevel Therapeutics Holdings Inc. is set to be delisted from NASDAQ following its acquisition by AbbVie, which is scheduled to close prior to market open on August 1, 2024. The stock will be halted immediately after the after-hours session on July 31, 2024, around 7:50 PM. Following the acquisition, Cerevel shares have generated a total return of 288%, reflecting a compound annual growth rate (CAGR) of 40.3%. This acquisition marks a significant milestone for Cerevel, recognized as one of the most successful deSPACs to date. The transaction was facilitated by the ARYA Sciences SPAC team, who were instrumental in taking Cerevel public.
Closing the loop on Cerevel Therapeutics, one of the most successful deSPACs on record After its acquisition by Abbvie closed this morning, $CERE shares generated a total return of 288%, representing a 40.3% CAGR Congrats to the ARYA Sciences SPAC team, who took Cerevel public https://t.co/qQ7i8NntR6
$ABBV 🇺🇸 AbbVie Completes Acquisition of Cerevel Therapeutics cc: $PFE https://t.co/763KkVFW2z
AbbVie Completes Acquisition of Cerevel Therapeutics $ABBV https://t.co/fJqHZaJpUq