Cellular Biomedicine Inc logo

CBMG - Cellular Biomedicine Inc News Story

$18.11 0.2  1.3%

Last Trade - 15/01/21

Sector
Healthcare
Size
Small Cap
Market Cap £259.6m
Enterprise Value £275.7m
Revenue £238k
Position in Universe 3633rd / 6547

BRIEF-Cellular Biomedicine Announces Receipt Of Preliminary Non-Binding "Going Private" Proposal

Mon 11th November, 2019 3:24pm
Nov 11 (Reuters) - Cellular Biomedicine Group Inc  CBMG.O :
    * CELLULAR BIOMEDICINE GROUP ANNOUNCES RECEIPT OF A
PRELIMINARY
NON-BINDING "GOING PRIVATE" PROPOSAL
    * PROPOSED DEAL FOR US$19.50 PER SHARE IN CASH
    * RECEIVED PRELIMINARY NON-BINDING PROPOSAL LETTER FROM A
CONSORTIUM LED BY CEO,OTHER SENIOR MANAGEMENT MEMBERS
    * BOARD FORMED A SPECIAL COMMITTEE TO CONSIDER LETTER & ANY
RESPONSE WITH ITS ONGOING REVIEW OF STRATEGIC ALTERNATIVES

Source text for Eikon:  urn:newsml:reuters.com:*:nPn5qtByMa
Further company coverage:  CBMG.O 

 ((Reuters.Briefs@thomsonreuters.com;))
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