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DewDiligence

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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
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