GNBT - Generex: Establishing A Value For Antigen Express' Dividend Shares
On Monday, February 25th, Generex (GNBT) will distribute shares in its subsidiary Antigen Express at a rate of one share for every four shares of Generex to shareholders of record on January 30, 2019. If there are about 60 million Generex shares, that means that there will be 15 million shares outstanding. If Generex is keeping 90% of the company, that means it will retain 135 million shares of a total of 150 million shares.
A development on February 23, 2019, shows what the value of Antigen Express might be like. Immune Design (IMDZ) agreed