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DewDiligence

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DewDiligence

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Re: DewDiligence post# 243184

Monday, 10/24/2022 11:17:50 AM

Monday, October 24, 2022 11:17:50 AM

Post# of 257470
SYNC.L acquires AGTC for $0.34/sh cash—a 42% premium to Friday’s close:

https://www.globenewswire.com/news-release/2022/10/24/2539624/30580/en/Syncona-to-Acquire-Applied-Genetic-Technologies-Corporation.html

The buyout price of $0.34 is down 97%(!) from AGTC’s $12.00 IPO in 2014 (#msg-99596008).

The buyout includes a CVR worth up to $50M; excluding the CVR, the nominal deal value is $23.5M.

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

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