Seeking Alpha

CryoLife makes nice profit from Medafor shares after Bard deal

  • CryoLife (CRY) is set to receive a $15.1M payment in connection with the more than 2.3M shares of Medafor it holds. Medafor was acquired by C.R. Bard.
  • In addition, CRY may receive as much as $8.4M more "upon the release of funds held in escrow." (PR)
  • CRY's carrying bases for the shares is ~$2.6M.
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