3 Firms Shape $384M Cancer Biopharma Co. Take-Private Deal

Law360 (August 12, 2020, 6:44 PM EDT) -- Biopharmaceutical cancer research business Cellular Biomedicine Group said Wednesday it's agreed to be taken private by a group that includes current investors and members of its senior management team in a deal valuing the company at about $384 million that was guided by three law firms.

Gibson Dunn-represented Cellular Biomedicine Group Inc. said in a statement it's agreed to be fully acquired by a new O'Melveny-led entity at $19.75 per share. The Gaithersburg, Maryland-based company said the deal is a roughly 31% premium to its 30-day average share price on the Nasdaq, and a nearly 12% premium to its closing price...

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