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Lifecore Biomedical has entered into a definitive agreement to be acquired by Webster Equity Partners in a transaction valued at up to $663.7 million, including contingent value rights. Common stockholders will receive $6.28 per share in cash.
Lifecore Biomedical signed a Third Amendment to its contract manufacturing agreement with Alcon Research, extending the Initial Term from December 31, 2031 to December 31, 2034. The amendment also revises Alcon's minimum purchase commitments through 2034.