September 28, 2007 -- Beijing Med-Pharm will exchange 8 million shares of stock for the 51% of Sunstone Pharmaceutical it had not agreed to buy previously. The shares were worth $92.7 million at yesterday’s closing price ($11.59). In July, Beijing Med-Pharm agreed to pay $32 million in cash for a 49% ownership of Sunstone. In conjunction with the deals, Beijing Med-Pharm will change its name to BMP Sunstone Corporation. More details...
