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Msg  208 of 232  at  1/25/2023 12:50:01 PM  by

minxmrphd


 In response to msg 207 by  minxmrphd
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Re: News today

Noted :
 
Last week, we proposed a best-and-final compromise to the Boards that detailed changes to the proposed Merger that would lead the Investor Group to support the transaction. Our good faith compromise provided for the cash dividend at closing being increased to $0.45 per share for Sesen Bio stockholders and the cash being contributed by Carisma’s investors (including AbbVie, Moderna, Wellington and TPG) being increased to $50 million. Under our proposal, both Sesen Bio and Carisma stockholders would each be contributing $50 million in cash – on the same terms and on a dollar-for-dollar basis. In response, on Thursday of last week, Sesen Bio’s advisors informed the Investor Group that the Boards had rejected the proposal and that Carisma’s “a-list” stockholders would not increase their investment. 
 
So, co3 it seems we have some very savvy folks trying to work out an equitable deal for themselves as well as all shareholders. 
 


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