Centessa Sets June Vote on $38-Per-Share Eli Lilly Takeover with Added CVR Upside

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2026.05.07 12:25
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Centessa Pharmaceuticals has scheduled a shareholder vote on June 12, 2026, regarding a proposed acquisition by Eli Lilly. Shareholders will vote on receiving $38 per share in cash, plus a contingent value right worth up to $9 if certain milestones are met. The board supports the deal, which would make Centessa a subsidiary of Lilly. Analysts currently rate CNTA stock as a Hold with a price target of $42, reflecting a neutral outlook due to the acquisition and ongoing financial challenges.