GREY:DGCRF - Post by User
Post by
modulexon Jan 05, 2016 3:54pm
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Post# 24431213
DIAGNOCURE-HOLOGIC
DIAGNOCURE-HOLOGICHOLOGIC REQUESTED TO PAY AT LEAST $11M FOR DIAGNOCURE PCA3 ASSET SALE MONTREAL QC. (CANADA) JANUARY 5, 2016 HOLOGIC INC.S PRESIDENT AND CEO STEPHEN MACMILLAN IS BEING PRESSED TO STEP UP TO THE PLATE AND OFFER TINY MOLECULAR CANCER TESTS COMPANY DIAGNOCURE INC. A MINIMAL AMOUNT OF $11 MILLION FOR PURCHASING THE QUEBEC CITY- BASED PCA3 ASSET. HOLOGIC INITIALLY AGREED TO PAY CAD $5.5 MILLION FOR THE TRANSACTION BUT WAS FIERCELY TURNED DOWN BY A DIAGNOCURE SHAREHOLDER WHO DEMONSTRATED THAT THE POTENTIAL VALUE OF FUTURE SALES OF THE ASSET IS NEGLECTED IN HOLOGICS OFFER. - 30 -