..............Day 36 of my 90 day countdown. ............. Naaah, Couple of days on the gold course and an hour in the office is all that's needed. Not sure why they would have to even engage a set of legals. Deal could be done with just a photocopy, a bit of white-out and insertion of some new names. AKA following:
...........Under the terms of the agreement, Tizona equity holders will receive $300 million upon closing. Gilead will obtain a 49.9 percent equity stake and an exclusive optionto purchase the remaining equity exercisable following the completion of Phase 1b studies for TTX-080, or earlier if Gilead chooses. Tizona equity holders will be eligible to receive up to $1.25 billion in an option exercise fee and potential future milestone payments. Gilead will also provide funding to support Tizona’s ongoing research and development to advance its novel pipeline..............
That about should do it, dont you reckon ? Just need to be careful to get all the name changes in the copy !
PAA Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held
Just need to be careful to get all the name changes in the copy !
(20min delay)