Trimeris, Inc. (NASDAQ: TRMS) is getting drummed this morning. The company’s tender offer by Arigene Co., Ltd. and RTM Acquisition Company is being terminated because Arigene was unable to secure sufficient financing for purposes of funding the tender offer. The tender offer expired on Monday, December 28, 2009. Trimeris had a market cap of a mere $71 million yesterday at $3.18 before the effects of this morning’s drop. At 8:49 AM EST we have shares trading down 18% at $2.60 on 67,000 shares. Average volume is 323,000 shares and the 52-week trading range is $0.84 to $3.68.
JON OGG
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