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SRNE ~ 2.93$ (Pinch Watch)~> NASDAQ: SRNE) recently

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stock1ace1   Sunday, 12/01/19 09:47:24 PM
Re: Karmasaur post# 57322
Post # of 57475 
SRNE ~ 2.93$ (Pinch Watch)~> NASDAQ: SRNE) recently confirmed that on November 23, 2019, it received an unsolicited, non-binding term sheet proposal submitted by two biopharmaceutical companies, to acquire all of the issued and outstanding shares of the Company for between $3.00 and $5.00 per share in cash.

After reviewing the proposal in consultation with its advisors, Sorrento’s Board of Directors (the “Board”) determined that the offer significantly undervalued Sorrento and was not in the best interest of the Company’s stockholders. Accordingly, the Board unanimously rejected the proposal.
SRNE

D1sclaimer: I am not a financial advisor or a stock promoter. I am an investor, Period! Do your own DD and make your own investment decisions.
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