The internet is buzzing about ibio, a stock company that has been acquired by OMNI Capital.
OMNI announced the deal in September.
IBIO stocks are expected to trade above $3.00, according to FactSet, and are expected in the $4-$5 range by the end of this year.
This will be a big deal for OMNI, as ibio shares currently trade for around $20-$25.
It’s not clear if OMNI will keep ibio or sell the stock for profit.
The stock has been a big loser this year in the market, with its stock closing below its $20 mark, according in FactSet.
The company also recently launched a new website, ibio.com, that will be the hub for all ibio news, video and content.
If you haven’t already, you can sign up for a free account on ibio and follow along with the company on Twitter and Facebook.
