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DewDiligence

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DewDiligence

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Re: DewDiligence post# 220492

Thursday, 05/16/2019 11:50:19 AM

Thursday, May 16, 2019 11:50:19 AM

Post# of 251670
EPIX acquires RLM for $3.19/sh* in stock—a 3% discount to yesterday’s close:

https://www.prnewswire.com/news-releases/agreement-reached-for-essa-pharma-to-acquire-realm-therapeutics-300851546.html

This is effectively a financing transaction for EPIX insofar as EPIX is buying RLM for its approximate cash value per share. The nominal deal price is $21.5M.

(RLM used to trade on the London exchange as RLM.L.)

*Based on EPIX’s 5/15/19 closing price.

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

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