Replies to post #143276 on Biotech Values

[turtlepower]

GNOM is up about 40% on this news. Anyone familiar with them?

http://www.completegenomics.com/news-events/press-releases/Complete-Genomics-Announces-New-Technology-Developed-to-Set-Standard-for-Clinical-Grade-Genomes-161946595.html

[DewDiligence]

BGI-Shenzhen acquires GNOM for $3.15/sh in cash:

http://finance.yahoo.com/news/complete-genomics-bgi-shenzhen-announce-103000815.html

The premium is 18% relative to GNOM’s closing price and Friday, but it is 54% relative to the closing price on 6/4/12, when GNOM announced it was “in play” (#msg-76281977). The nominal value of the deal is $118.