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DewDiligence

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DewDiligence

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Re: drbio45 post# 69421

Wednesday, 12/03/2008 6:46:31 PM

Wednesday, December 03, 2008 6:46:31 PM

Post# of 257261
>evotec was public on the frankfurt exchange. They listed on Nasdaq by merging with Renovis…<

That’s right—I should have said that the reverse merger enabled EVTC to become publicly traded on a US exchange.

>[EVTC] paid a premium to [Renovis’] cash. The reverse mergers usually discount the cash.<

Some reverse mergers go off at a discount to net cash, but I’m not sure I agree that this is the norm.


“The efficient-market hypothesis may be
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