Cardiome -- CRME Message Board

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Biotech / Medical : Cardiome -- CRME

CRME 2.330

-2.1%

May 16 5:00 PM EST

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To: zeta1961 who wrote (121)	1/17/2007 6:24:45 PM
From: tuck	Read Replies (1) of 285

>>Cardiome Pharma Corp. Announces Public Offering Wednesday January 17, 5:12 pm ET NASDAQ: CRME TSX: COM VANCOUVER, Jan. 17 /PRNewswire-FirstCall/ - Cardiome Pharma Corp. (NASDAQ: CRME / TSX: COM) announced today that it is offering 8,000,000 common shares in the United States and Canada pursuant to a preliminary prospectus supplement. The corporation will grant the underwriters an option to purchase up to an additional 1,200,000 common shares at the offering price during the period ending 30 days from the closing of the offering to cover over-allotments, if any. Bear, Stearns & Co. Inc. is acting as book-running manager in this offering and CIBC World Markets Inc., Canaccord Adams Inc. and Leerink Swann & Company are acting as co-managers.<< snip Stock is down to $10.50 or so after hours (but current bid/ask is showing even lower: $10.10 X $10.30). I'm going to be tempted to add in some way -- currently am short some Jan 10 puts that looked like they'd expire worthless this Friday -- if it weakens any more. Cheers, Tuck

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