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DewDiligence

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DewDiligence

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Re: DewDiligence post# 250628

Friday, 05/10/2024 5:02:30 PM

Friday, May 10, 2024 5:02:30 PM

Post# of 251928
MACK shareholders approve dissolution—cash distribution=$15.10/sh:

https://www.businesswire.com/news/home/20240510857372/en

The liquidating distribution stems from a $225M milestone payment MACK received from Ipsen for FDA approval of Onivyde (#msg-173845049).

MACK had been a shell company with a contingent receivable since ceasing operations almost five years ago (#msg-149704592).

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

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