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DewDiligence

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DewDiligence

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Re: DewDiligence post# 199310

Monday, 07/31/2017 5:34:58 PM

Monday, July 31, 2017 5:34:58 PM

Post# of 251721
NVTA acquires CBMX in all-stock deal worth $8.00-8.65 per CMBX share—a 62% premium to CBMX’s closing price at the lower bound of the range mentioned above:

https://finance.yahoo.com/news/combimatrix-enters-merger-agreement-invitae-205906895.html

According to the PR, the deal price to be realized by CBMX shareholders is imprecise because of CBMX derivatives (preferred stock, RSUs, options) and the deal structure whereby the ascribed value of one share of NVTA stock remains constant, regardless of the market price at the time of closing. The nominal deal value is $33M (including the derivates).

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

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