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DewDiligence

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DewDiligence

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Re: apljack post# 220641

Monday, 03/16/2020 10:01:03 AM

Monday, March 16, 2020 10:01:03 AM

Post# of 252782
ACRX acquires TTPH in all-stock “takeunder” worth $0.65/sh—a 55% discount based on Friday’s closing prices of both stocks—excluding a tiered CVR based on sales milestones for Xerava:

https://www.businesswire.com/news/home/20200316005257/en/Tetraphase-Pharmaceuticals-AcelRx-Pharmaceuticals-Enter-Definitive-Merger

The nominal deal value is $14.4M, excluding the CVR.

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

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