New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 24, 2014
16:32 EDTAFFYAffymax board announces decision to dissolve company
Affymax announced that its Board of Directors has approved the liquidation and dissolution of the company, subject to stockholder approval, and plans to distribute all available cash to its stockholders as soon as legally permitted and reasonably practicable after paying or making reasonable provision for all known and potential liabilities and other obligations of the company. Based on the information the company currently has available, which is subject to change, the company estimates that the aggregate amount of the distribution to stockholders could be a few cents per share, based on 37,490,095 shares of common stock outstanding as of April 30, and the remaining cash of approximately $4M as of May. The company's Board of Directors has approved a plan of liquidation and dissolution of the company, which is subject to stockholder approval. The company intends to call a meeting of its stockholders to seek approval of the dissolution and will file proxy materials with the SEC as soon as practicable.
News For AFFY From The Last 14 Days
Check below for free stories on AFFY the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
There are no results for AFFY

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use