CRIS, Curis (formerly CBMI) Message Board

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Biotech / Medical : CRIS, Curis (formerly CBMI)

CRIS 1.260

-3.8%

3:58 PM EST

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To: lifeisgood who wrote (305)	5/13/2000 5:42:00 PM
From: allen menglin chen	of 668

"Based upon the closing sales price of Creative BioMolecules on February 14, 2000, Curis would have a market capitalization of approximately $600 million. " So the ~$600 mil market cap is based on 2/14 CBIM's closing price of ~$7 and its share outstanding, and 43% stake of the new company. Your reverse calculation would come up with ~$7 also. Not surprising. I have to ask Sword and AP, both concluded CBMI was worth $18 next day when the merger news was announced -- but I don't know how they got their conclusion, and I didn't need to confirm their research since CBMI jumped pass $18 in 2 days. I sold 80% of my CBMI @ 18 and 23 from 8.75. Now bot them back @ 6.25. So far both of us get nothing on the merger value as of today. Let's continue our DD hunting. cbs.marketwatch.com The other 2 companies are private held. So it's much tougher to value the deal.

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