Maravai Lifesciences Holdings Inc (MRVI)

MRVI shares fall after rejecting potential takeover by private equity. The company reportedly attracted takeover interest from Thomas H. Lee Partners with a non-binding offer, though the offer price could not be learned. Reuters reported that Maravai rejected the offer, and there is no certainty a new bid will follow or any deal will be reached.

https://www.benzinga.com/general/biotech/23/05/32424951/maravai-lifesciences-shares-fall-after-rejecting-potential-takeover-by-private-equity?

Maravai LifeSciences Holdings has not performed as well as the market. Additionally, their quarterly report revealed an earnings surprise of -25%.

https://www.zacks.com/stock/news/2091795/maravai-lifesciences-holdings-inc-mrvi-lags-q1-earnings-and-revenue-estimates