12:00 AM
Mar 25, 2013
 |  BC Week In Review  |  Company News  |  Deals

Igdrasol, Sorrento deal

Sorrento gained an exclusive option to acquire Igdrasol in a stock deal. Upon exercise, Sorrento will issue 76.2 million shares of its common stock to Igdrasol shareholders. The deal values Igdrasol at $18.3 million based on Sorrento's close of $0.24 on March 6, before the deal was announced. Igdrasol shareholders will also...

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