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United States securities and exchange commission logo
March 19, 2024
Richard Aftanas
Partner, Hogan Lovells US LLP
NGM Biopharmaceuticals, Inc.
333 Oyster Point Boulevard
South San Francisco, CA 94080
Re: NGM
Biopharmaceuticals, Inc.
Schedule 14D-9 and
Schedule 13E-3, each filed March 8, 2024
File No. 005-90978
Dear Richard Aftanas:
We have reviewed your filings and have the following comments. In
some of our
comments, we may ask you to provide us with information so we may better
understand your
disclosure.
Please respond to these comments by providing the requested
information or advise us as
soon as possible when you will respond. If you do not believe our
comments apply to your facts
and circumstances, please tell us why in your response.
After reviewing your
response to these comments, we may have additional comments.
Schedule 14D-9 and Schedule 13E-3, each filed March 8, 2024
General
1. Your Schedule 13E-3
includes Mr. Woodhouse and Mr. Rieflin as filing persons
alongside the Company.
However, the Schedule 13E-3 and related Schedule 14D-9 are
constructed so as only
to provide responsive disclosure for one filing person, i.e. the
Company. Please revise
to provide disclosure with respect to Woodhouse and Rieflin in
their capacity as
filing persons, or advise.
2. Please revise to
provide a reasonably itemized statement of all expenses incurred or
estimated to be
incurred by the filing persons in connection with the transaction, or advise.
Refer to Item 1007(c)
Regulation M-A and Item 10 of Schedule 13E-3. At the moment,
the only reference to
this subject we see is the following statement in the Offer to
Purchase: "NGM will
incur its own fees and expenses in connection with the Offer."
Richard Aftanas
NGM Biopharmaceuticals, Inc.
March 19, 2024
Page 2
Reasons for the Recommendation; Fairness of the Offer and Merger, page 29
3. Please revise your disclosure to address all of the factors included
in Instruction 2 to Item
1014 of Regulation M-A.
We remind you that the filing persons are responsible for the accuracy
and adequacy of
their disclosures, notwithstanding any review, comments, action or absence of
action by the staff.
Please direct any questions to David Plattner at 202-551-8094.
FirstName LastNameRichard Aftanas Sincerely,
Comapany NameNGM Biopharmaceuticals, Inc.
Division of
Corporation Finance
March 19, 2024 Page 2 Office of
Mergers and Acquisitions
FirstName LastName