YM BioSciences Inc. (NYSE Alternext US:YMI, TSX:YM, AIM:YMBA), an oncology company that identifies, develops and commercializes differentiated products for patients worldwide, today announced that an unsolicited proposal has reportedly been made to acquire the Company at a price of approximately US$0.50 per share or approximately US$29 million.
"We do not believe that an offer at this price would appropriately value the Company's assets," said David Allan, Chairman and CEO of YM BioSciences. "However, as a matter of its fiduciary responsibility to shareholders, the Board will review and consider any formal offers it receives."
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"We do not believe that an offer at this price would appropriately value the Company's assets," said David Allan, Chairman and CEO of YM BioSciences. "However, as a matter of its fiduciary responsibility to shareholders, the Board will review and consider any formal offers it receives."
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