Argenx Launches Tender Offer for Forte Biosciences at $77 Per Share
The immunology group has initiated the acquisition procedure for Forte Biosciences shares at a price of $77 per share, with a deadline set for August 26, 2026.
Argenx announced on August 6, 2026 the launch, through its subsidiary Avena Merger Sub Inc., of a tender offer for all outstanding ordinary shares of Forte Biosciences (Nasdaq: FBRX).
The proposed price is $77.00 per share, payable in cash, net to the seller, without interest and subject to applicable tax withholdings. The offer is made pursuant to a merger agreement concluded on July 26, 2026 between Forte, Argenx and the acquiring entity.
Forte Biosciences is developing FB102, an anti-CD122 monoclonal antibody intended for autoimmune and related indications.
Conditions and Timeline of the Transaction
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The offer and withdrawal rights will expire at one minute after 11:59 p.m. (Eastern Time) on August 26, 2026, unless extended or terminated early.
The completion of the offer is subject to several conditions, including the Minimum Condition (obtaining a number of shares representing, together with those already held by the acquirer and its affiliates, one share more than 50% of the total outstanding shares) and the expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. The offer is not subject to a financing condition.
Following completion of the offer, the merger will be governed by Section 251(h) of the Delaware General Corporation Law, which does not require a vote of Forte's shareholders. The board of directors of Forte has issued a Schedule 14D-9 statement recommending that its shareholders accept the offer and tender their shares.
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Context
Period
Period: 1T2026
Key reported figures
Revenue: 1.3MD€
Net income: 366M€
Guidance from the release
argenx continue de livrer un impact significatif pour les patients.
Argentx affiche une croissance de 63% par rapport à l'année précédente.
Risks mentioned
Les résultats peuvent varier en fonction des incertitudes liées aux essais cliniques.
L'impact des lois et règlements gouvernementaux pourrait affecter les activités.
Opportunities identified
VYVGART pourrait devenir la première thérapie approuvée dans les populations gMG.
Lancement d'une étude pour le candidat pipeline empasiprubart.
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