PINE BROOK, N.J., Nov. 3 /PRNewswire/ -- Pasteur Merieux Connaught, a subsidiary of Rhone-Poulenc Group (NYSE: RP - news), and Cistron
Biotechnology, Inc. (OTC: CIST - news) announced today that on October 30, 1998, Pasteur Merieux Connaught purchased 1,333,333 shares of Cistron
common stock and received warrants to purchase 666,667 additional shares at $.25 per share, for an aggregate price of $1,000,000.
My spin on the text is that the aggreagate of the 1.333 and the .667
million shares will be a cash payment of 1mil dollars. This comes out to an avg. price of 50 cents per share. The million includes the money to be paid in the future for 666,667 shares @ .25 |
