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DewDiligence

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Re: DewDiligence post# 253102

Monday, 12/23/2024 1:53:25 PM

Monday, December 23, 2024 1:53:25 PM

Post# of 257472
Deerfield Mgmt acquires OMIC for $20/sh cash—a 254% premium to the “unaffected” closing price on 9/12/24, before Deerfield made its original cash buyout offer of $10/sh:

https://finance.yahoo.com/news/singular-genomics-enters-agreement-acquired-133000209.html

The $20/sh buyout price is worth about $50M, which isapproximately OMIC’s net cash value. The stock had been trading at a negative EV.

OMIC previously rejected a $12/sh offer from Tang Capital (#msg-175115266).

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

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