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Replies to post #2194 on Spectrum Pharmaceutecals Inc (SPPI)
antihama
08/14/18 4:38 PM
#2265 RE: antihama #2194
CASI ownership by SPPI capped at 13.42%
Our Ownership in CASI at June 30, 2018 Under certain conditions that expired in December 2017, we had a right to purchase additional shares of CASI common stock in order to maintain our post-investment ownership percentage if CASI issued additional securities. During 2017 and 2016, we acquired an additional 1.5 million and 4.6 million common shares of CASI, respectively, at par value. Our aggregate holding of 11.5 million CASI common shares as of June 30, 2018 represented an approximate 13.3% ownership, with a fair market value of $95.0 million (see Note 3(a)).