Banco Português de Investimentos inform the Portuguese National Securities Market Commission (CNMV) that had obtained 6,5 millions of shares of StemCells Inc at a average price of 3,60 USD.
Banco Português de Investimentos will notifie tomorrow the Portuguese National Securities Market Commission (CNMV) that it was willing to waive the condition of a 75% minimum acceptance level to which its public offer for the acquisition of StemCells Inc shares was subject, taking into consideration that the response received will be sufficient to develop the business project pursued through the takeover bid.
Banco Português de Investimentos will launch a takeover bid for StemCells Inc with the payment of 5,0 euros for each of the that responded to the tender offer, this initial offer could reach the limit of price of 6.15 euros for each share of the american company.
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