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Replies to post #16 on Mereo BioPharma Group PLC (MREO)
Enterprising Investor
04/15/19 2:50 PM
#17 RE: Enterprising Investor #16
Based on the closing price per Mereo Share of £1.68 as of March 15, 2019, which was the latest practicable trading day of Mereo Shares on AIM before the publication of this proxy statement/prospectus, the Federal Reserve Bank of New York’s reported U.S. dollar to pound sterling exchange rate on such date of $1.3278 to £1.0000, and assuming no adjustment to the Exchange Ratio for the net cash held by OncoMed at the time of the closing of the Merger , the Share Consideration would imply a value of $1.37 per share of OncoMed common stock.