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Examples
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Maxygen announced on Thursday that Astellas Pharma will purchase the company's stake in their joint venture, Perseid Therapeutics, for $76 million.
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Shares of Maxygen are lower after the biotechnology company distributed its interest in Codexis to stockholders.
Maxygen Dives After Codexis Distribution MarketNewsVideo.com 2010
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It was originally announced in November that Maxygen planned to distribute virtually all of its 17% stake in Codexis to its shareholders.
Maxygen Dives After Codexis Distribution MarketNewsVideo.com 2010
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In addition, Redwood City, Calif., biotechnology company Maxygen tacked on 97 cents, or 28%, to 4.48 on an agreement to sell its hemophilia operations to large-cap Bayer for $90 million and the potential of an additional $30 million in milestone payments.
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As Maxygen Tumbles Small-capitalization stocks rallied Friday, but for the second consecutive week they ended lower overall.
Lindsay, Knot Jump 2008
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Maxygen plunged 28% to 3.49 after large-cap Amgen said it may elect to sue the Redwood City, Calif., company for patent infringement relating to Maxygen's medication used to normalize white blood cells.
Lindsay, Knot Jump 2008
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Maxygen stockholders also received cash in lieu of any fraction of a Codexis share that they would have otherwise received in the distribution.
unknown title 2011
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As a result, the distributions have reduced the U.S. Federal tax basis in each Maxygen share that received the distributions, as discussed further below.
unknown title 2011
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Pacific Time on December 3, 2010, subject to a due bill process for shares of Maxygen common stock traded between the record date and the December 15, 2010 ex-dividend date; and ii $1.00 in cash for each outstanding share of Maxygen common stock such shareholder held as of 2:30 p.m.
unknown title 2011
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Maxygen believes the fair market value of the Codexis common stock received by each Maxygen stockholder in the distribution is equal to the closing price of the Codexis common stock as reported on Nasdaq on December 14, 2010, the distribution date, and this is the value Maxygen has reported to the IRS and as part of the Form 1099 process.
unknown title 2011
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