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CBMG - Cellular Biomedicine Inc News Story

$18.24 0.2  1.3%

Last Trade - 22/01/21

Sector
Healthcare
Size
Small Cap
Market Cap £259.6m
Enterprise Value £275.6m
Revenue £236k
Position in Universe 3725th / 6630

BUZZ-Cellular Biomedics: Rises on take-private proposal

Mon 11th November, 2019 5:34pm
** Cell-based therapies developer's shares  CBMG.O  rise
3.3% to $18.26 after co receives take-private offer of
$19.50/share 
    ** CBMG says a consortium led by its CEO Bizuo Liu proposes
to take co private; Bid represents premium of 10.4% to CBMG's
last close
    ** Cellular Biomedics' board has formed special committee to
evaluate strategic alternatives, consider the prelim proposal
 urn:newsml:reuters.com:*:nPn5qtByMa
    ** CBMG has market value of $359.3 mln - Refinitiv data
    ** Stock has risen 3.4% this year

 (Reporting by Shariq Khan in Bengaluru)
 ((Shariq.Khan@thomsonreuters.com; Twitter: @s_qakhan))
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