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DewDiligence

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DewDiligence

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Re: DewDiligence post# 190405

Wednesday, 12/16/2015 3:10:05 PM

Wednesday, December 16, 2015 3:10:05 PM

Post# of 257262
DOW sells 600K shares of PFNX in secondary offering @$11.75—a 3% discount to yesterday’s close:

http://finance.yahoo.com/news/selling-shareholder-prices-secondary-offering-114500206.html

Curious that PR header does not mention PFNX.

After this sale, DOW will own about 2.2M shares of PFNX—approximately a 10% stake, down from a roughly 16% following PFNX’s Jul 2014 IPO (#msg-104638871). (DOW also sold some shares in an Apr 2015 secondary offering: #msg-113062102.)

PFNX was spun out from DOW in 2009.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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