Posted On: 03/11/2015 10:34:42 PM
Post# of 30066
Surprised this tax credit hasn't been sold already. Thanks for the link, redspeed.
Quote:
Though the deal is valued at $10.9M, the out-of-pocket expense for Amarantus will be much less. $8M of the deal will be settled in stock to the owners of DioGenix, with $2M in sales milestone payments. Only $900,000 in merger costs will be paid by Amarantus. To help finance the deal, Amarantus is expected to sell a $7.45M tax credit granted to DioGenix by the State of New Jersey for the planned establishment of a laboratory, which is no longer in the works since the acquisition.
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