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DewDiligence

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DewDiligence

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Re: TheFinalCD post# 250643

Friday, 02/16/2024 9:57:22 AM

Friday, February 16, 2024 9:57:22 AM

Post# of 251670
XOMA acquires KNTE for $2.3352-to-$2.5879 cash +CVR—an 8% premium to yesterday’s close at the midpoint of the cash range (excluding the CVR):

https://finance.yahoo.com/news/xoma-enters-agreement-acquire-kinnate-130000871.html

The cash portion if the deal is a range because the amount depends on how much working capital KNTE has when the merger closes.

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

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