CDT Equity Shares Drop After $115 Million Agreement to Buy 20% of Sarborg
CDT Equity Inc. (NASDAQ:CDT) saw its stock decline by 11% on Friday after unveiling an agreement to acquire a 20% equity interest in Sarborg Limited for $115 million. The transaction will be settled through an issuance of new common shares and a large block of pre-funded warrants that require shareholder approval, and includes an additional $8 mill…