$MACK EXCERPT / As mentioned in the bullet points,
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Posted On: 04/14/2017 9:24:03 PM
$MACK EXCERPT / As mentioned in the bullet points, a special dividend was declared for shareholders on record as of the close of business on May 17, 2017. The dividend of $1.06 per share is payable on May 26, 2017, and proceeds from the sale will be used for this. The ex-dividend date is May 30, 2017. Shareholders who sell shares prior to May 30 will not receive the special dividend payment. MACK has a current market cap of about 400 million. The sale agreement of 575 million at close and additional 450 million with milestones achieved plus royalties would imply that there is a deep value opportunity here.
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