Translate Bio, Nuvalent See Activist Action – Barron’s

Activist Holdings

Translate Bio (TBIO)

Baupost Group reported a 24% interest in the biotech, equal to 18,044,239 shares. On Aug. 4, Baupost revealed that it had entered into a support agreement with French pharmaceutical firm Sanofi (SNY) that offered to acquire Translate Bio for $3.2 billion in cash, or $38.00 per share. Baupost agreed to…