Altaris Acquires Simulations Plus for $375 Million
Private equity firm Altaris has signed an agreement to acquire Simulations Plus, a provider of drug development software and consulting services, for $375 million in cash. Under the terms of the deal, Simulations Plus shareholders will receive $0.35 per share. The acquisition is expected to close in the first quarter of 2025.
Simulations Plus provides modeling and simulation software for preclinical and clinical studies to pharmaceutical companies. The company's expertise helps accelerate drug development processes and reduce costs. Altaris aims to expand Simulations Plus's technology and customer base through this acquisition.
The deal has been unanimously approved by Simulations Plus's board of directors. Subject to shareholder and regulatory approvals, upon completion, Simulations Plus is expected to become a private company and delist from the Nasdaq stock exchange.
This is not investment advice.
📊 SDTTR — Piyasa Yorumu
▲ up · 65%The news announces the acquisition of Simulations Plus (SDTTR) for $375 million. Such acquisition news typically has a positive impact on the stock price. Technical indicators also support this view: although the RSI is above 70, it has just entered overbought territory, and the MACD is trending positively above the signal line. The price is trading above both the 20-day and 50-day moving averages. However, it should be noted that the market may remain cautious until the acquisition price and details are clarified.
RSI 14
70.9
MACD
0.64
24h Δ
4.52%
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