Pharmaceuticals
Cardiome Pharma Corp. Announces Commencement of US$27.5 Million Tender Offer
Published in Pharma Law Weekly, September 15th, 2009
Cardiome Pharma Corp. (NASDAQ: CRME/TSX:)(NASDAQ:COM) ("Cardiome" or the "Company") announced that it has mailed an offer to purchase and issuer bid circular (the "Offer to Purchase and Circular") to its shareholders today in connection with its previously announced tender offer to purchase for cancellation up to 6,470,588 of its common shares for an aggregate purchase price of up to US$27.5 million. The Offer to Purchase and Circular is being filed with the securities regulatory authorities in the United States and Canada.
The tender offer will be conducted as a modified "Dutch auction", which will enable shareholders to select a price between US$4.25 per share and...
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Source: Pharma Law Weekly (2009-09-15)
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