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DewDiligence

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DewDiligence

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Re: DewDiligence post# 244608

Monday, 01/09/2023 11:39:56 AM

Monday, January 09, 2023 11:39:56 AM

Post# of 257465
AZN acquires CINC for $26/sh cash +CVR:

https://www.globenewswire.com/news-release/2023/01/09/2584810/0/en/CinCor-Pharma-to-be-Acquired-by-AstraZeneca.html

The buyout price (excluding the CVR) is a 121% premium to Friday’s closing price. The nominal deal value (sans CVR) is $1.3B.

CINC IPOd one year ago at $16.00 (#msg-167415784).

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

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