Merrimack Pharmaceuticals Announces Per Share Amount for Previously Declared Special Dividend
Merrimack Pharmaceuticals, Inc. (MACK)
Last merrimack pharmaceuticals, inc. earnings: 3/6 07:00 am
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US:NASDAQ Investor Relations:
investors.merrimack.com/investor-relations
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Source: Business Wire
Dividend Amount is $1.496675 per Outstanding Share of Merrimack Common Stock and Will be Paid Today, as Previously AnnouncedCompany Provides Update on NOL Carryforwards; No Impairment as of July 24, 2019 CAMBRIDGE, Mass.--(BUSINESS WIRE)--Merrimack Pharmaceuticals (Nasdaq: MACK) (the “Company” or “Merrimack”) announced today that the dividend amount for the previously authorized and declared $20 million special cash dividend (the “Special Dividend”) announced on July 25, 2019 is $1.496675 per outstanding share of Merrimack common stock. The dividend will be paid today, September 5, 2019, as previously announced, to stockholders of record as of the close of business on August 28, 2019.The Company is focused on executing its carefully constructed plan to conserve cash and maximize value for shareholders, including distributing all of the more than $500 million in potential milestone payments the Company is eligible to receive, net of any taxes owed. The Special Dividend is consistent
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