In a company worth 19.5 million? Did they buy 50%?
Pfizer didn't buy 50% of Avant and Avant is worth more than 19.5 million.Market Cap 172.7 MShares Outstanding 14.9 MAuthorized Shares 25M +/-Pfizer then paid $10M in an equity investment for 780,944 shares ($12.81/share)
Never mind. All the daya on Yahoo's site for AVAN is useless. There are 15 million shares outstanding in the merged company. And for anyone like me that though Yahoo's data was up to date... http://phx.corporate-ir.net/phoenix.zhtml?c=93243&p=irolnewsArticle&t=Regular&id=1116544&