Rimon Deal Featured in DBR Daily Business Review
News Mark H. Mirkin · January 06, 2016
The Deal: Rimon Partner Mark Mirkin represented the compensation committee of Dyadic International Inc.'s board of directors as the Jupiter-based company prepared to sell its industrial technology business to DuPont for $75 million in cash.
Shareholders approved the sale Dec. 11, and the deal closed Dec. 31.
Details: The sale of most of its business provides funds for a much smaller Dyadic to reposition itself as a biopharmaceutical business.