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KRONOS BIO INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Kronos Bio, Inc. - KRON

1. Kronos Bio's sale to Concentra is under investigation for fairness. 2. Shareholders offered $0.57 per share plus a contingent value right.

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FAQ

Why Bearish?

The investigation may indicate potential issues with the sale process. Historically, investigations can lead to decreased investor confidence, adversely affecting stock prices.

How important is it?

The investigation could signify underlying issues with the proposed sale, directly affecting shareholder value and confidence.

Why Short Term?

Impacts from investigations are immediate and may influence KRON's price swiftly. If the deal terms worsen, stock value could drop quickly.

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CNCE
NEW YORK CITY & NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Kronos Bio, Inc. (NasdaqGS: KRON) to Concentra Biosciences, LLC. Under the terms of the proposed transaction, shareholders of Kronos will receive $0.57 in cash per share plus one non-tradeable contingent value right. KSF is seeking to determine whether this consideration and the process that le.

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