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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

BUZZ-Cellular Biomedicine: Jumps on take-private deal

Wed 12th August, 2020 12:17pm
** Cell-based therapies developer's shares  CBMG.O  jump
37.3% to $19.59 premarket on take-private deal of $19.75/shr
    ** CBMG is the second-biggest percentage gainer among U.S.
stocks before the bell; set to erase YTD losses  
    ** Company says a consortium of members of its management
and other investors had signed an agreement to acquire and take
co private  urn:newsml:reuters.com:*:nPn7X7Sba
    ** The offer price represents ~38% premium to Tuesday's
close 
    ** Deal for CBMG's 19.4 mln outstanding shares, according to
Refinitiv data, values the company at ~$383 mln


 (Reporting by Manas Mishra in Bengaluru)
 ((Manas.Mishra@thomsonreuters.com;
www.twitter.com/Manasmishra24))
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