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CYP, CYNATA THERAPEUTICS LIMITED
blacksheep
post Posted: Jul 19 2019, 07:23 PM
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In Reply To: plastic's post @ Jul 17 2019, 11:42 AM

Seems to be a possible takeover bid has put a rocket under the SP. Did some know ahead of the Please Explain/Trading Halt?

Cynata confirms receipt of indicative, non-binding proposal
QUOTE
Melbourne, Australia; 19 July 2019: Cynata Therapeutics Limited (ASX: CYP) (“Cynata” or, the
“Company”), a clinical-stage biotechnology company specializing in cell therapeutics, refers to the
letter dated 16 July 2019 that it received from ASX concerning a recent change in the price of Cynata’s
shares (“ASX Price Query”).

In response to the ASX Price Query, Cynata confirms that it has received an indicative, non-binding
and conditional proposal from Sumitomo Dainippon Pharma Co., Ltd (“Sumitomo”) regarding a
possible acquisition of all of the shares in Cynata at a price of A$2.00 per share in cash by way of a
scheme of arrangement (the “Proposal”).


Following receipt of the Proposal, the Cynata Board decided to grant non-exclusive due diligence
access to Sumitomo, during which time Cynata has also continued engagement with certain other
parties in relation to making a proposal. Cynata’s discussions with such other parties have ceased.

The negotiations between Cynata and Sumitomo are incomplete and any entry by the parties into
binding transaction documents remains subject to a number of conditions, including (without
limitation) the completion of due diligence by Sumitomo and agreement on terms by the parties.

There is no certainty that an agreement will be reached or that the Proposal will be implemented.

Cynata will keep the market informed in accordance with its continuous disclosure requirements.

Cynata has no further comment at this time and no action is required by Cynata’s shareholders.
The Company is advised by Jefferies as financial adviser and Clarendon Lawyers as legal adviser.

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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
plastic
post Posted: Jul 17 2019, 11:42 AM
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Trading halt called. Rivets are popping. Watch for the suspension...all because of a speeding ticket? How long does it take to say, I know nothing. Its the stock standard Sgt. Shultz reply.



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What did Uncle Mel do to us?
 
plastic
post Posted: Apr 1 2015, 03:15 PM
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What's with the big spike recently?



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What did Uncle Mel do to us?
 
dylan
post Posted: Feb 28 2015, 03:35 PM
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Posts: 1,257
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Hi guys ..

blokes here from the other place. it seems that racist rants and daytrading noobs can harass and intimidate at HC , but heaven forbid you post a humorous dr seuss style poem ... must be close friend with the mods hey?

anyway cynata is a gem and the downrampers rampant over there will do their worst but not slow it down ...

good luck to all. nice to see you all still here. Always thought this forum had the better layout, if not the critical mass.




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