Boards
News
Market Data
Markets
Discover
Discover
AI Subscribe Login/Register account icon
S&P 500
7,135.95
(
0.00%
)
US TECH 100
26,653.60
(
0.72%
)
Dow Jones
48,861.81
(
0.00%
)
Brent Oil
108.08
(
-3.83%
)
Bitcoin
76,273.93
(
0.66%
)
News Focus
News Focus
Post# of 257470
Next 10
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

DewDiligence

Send PM Follow Ignore
Followers 843
Posts 122909
Boards Moderated 9
Alias Born 09/05/2002

DewDiligence

Member Level

Re: DewDiligence post# 241822

Tuesday, 07/05/2022 12:19:36 PM

Tuesday, July 05, 2022 12:19:36 PM

Post# of 257470
SYRS acquires TYME for ~$0.39/sh in stock—a 44% premium to Friday’s close:

https://finance.yahoo.com/news/syros-raise-approximately-190-million-110000910.html

Following its failure in pancreatic cancer (#msg-167645887), TYME became a shell company with significant cash (#msg-168370010); hence, this buyout is essentially a financing transaction for SYRS. The deal value (excluding a separate financing transaction by SYRS announced today) is about $70M.

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

Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today