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Why Adaptimmune (ADAP) Stock Is Plunging Today - TCR2 Therapeutics (NASDAQ:TCRR), Adaptimmune Therapeutics (NASDAQ:ADAP)

Summary by The Business Journals
Adaptimmune Therapeutics, a cell therapy developer with offices in Philadelphia and the United Kingdom, is acquiring TCR² Therapeutics of Cambridge, Massachusetts, in an all-stock transaction. Under the terms of the deal, AdaptImmune (NASDAQ: ADAP) shareholders will own 75% of the combined company. TCR² (NASDAQ: TCRR) stockholders will receive 1.51 Adaptimmune American depository shares for each TCR² share they own, giving them the remaining 25%…

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Globe Newswire broke the news in on Monday, March 6, 2023.
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