Vivid News Wave

Biotech Values : Deerfield Mgmt acquires OMIC for $20/sh...


Biotech Values : Deerfield Mgmt acquires OMIC for $20/sh...

Deerfield Mgmt acquires OMIC for $20/sh cash -- a 254% premium to the "unaffected" closing price on 9/12/24, before Deerfield made its original cash buyout offer of $10/sh:

https://finance.yahoo.com/news/singular-genomics-enters-agreement-acquired-133000209.html

The $20/sh buyout price is worth about $50M, which isapproximately OMIC's net cash value. The stock had been trading at a negative EV.

OMIC previously rejected a $12/sh offer from Tang Capital (#msg-175115266).

Previous articleNext article

POPULAR CATEGORY

corporate

8169

tech

9184

entertainment

10060

research

4538

misc

10565

wellness

8034

athletics

10529