Just be happy SHPG bought out NPSP. I can only imagine how this type of filing would have hit the stock price if NPSP was still on their own.
@@@@@Kyle Bass is expanding his campaign against pharmaceutical companies. Shire Plc is the newest target of the hedge fund manager’s strategy to challenge drug patents, according to filings Wednesday with the U.S. Patent and Trademark Office. Bass is challenging patents on Lialda and Gattex, according to the filings, which together would have made up 12 percent of Shire’s revenue in 2014.He’s now challenging Shire’s Gattex, a treatment for short bowel syndrome that the company got through its $5.2 billion purchase of NPS Pharmaceuticals Inc., which closed in February. Lialda, a colitis medicine, generated $633.8 million in sales last year for the Dublin-based drugmaker.
I paid $20 in my Scottrade account for the corp. reorg. fee. Same thing happened for QCOR and AVNR buy-outs. I find it is a small fee and it paid to wait, rather than take the hair-cut in PPS to sell before the tender offer was completed. I did sell most of my shares before the tender to hedge against the risk of the deal falling apart. FYI - I use a cash only account - no margin. It keeps my broker from lending my shares to the shorts, who are working against my best interests. GL
TD Ameritrade waives the fee for APEX clients. If you are a good client with a moderate number of trades, balance and maybe some margin interest you could probably get the same consideration from your broker.
I finally got cashed-out of the last of my shares on Wed. (3/4) from my Scottrade account. Assume this MB will be shutdown shortly. GL
Thanks. I have some TGTX but have not done much DD. I'm really heavy in NOG (domestic crude oil play). Bought around what I thought to be the bottom of oil. I recently bought LCI based on light DD from IBD. MNKD I also have and am hopeful it will do well.
hi minist, right now i am invested in OMER and TGTX, in that order with ABBV in my roth account for the nice dividend. I had Shire awhile back when they where rumored to be taken out by ABBV, I sold the Shire at around 256. and made out very well on that, thats why is was hard for me to buy back into Shire, so i did not.
sounds like you are making out well on Shire, and looks really good for Shire in 2015. what else do you own ?
@@@@@Shire Completes Acquisition of NPS Pharma Dublin, Ireland – February 21, 2015 – Shire plc (LSE: SHP, NASDAQ: SHPG) announces the successful completion of the tender offer for all of the outstanding shares of NPS Pharmaceuticals, Inc. (NASDAQ: NPSP) and the subsequent acquisition of NPS Pharma.
im now riding nvax, feye and cybr.. all three will be doubles,
im exspecting nvax to act just like npsp, and go to the 40's
Now I get it - I had interpreted it differently. Thanks for the explanation. Still hoping that something else will happen (who is trading all those shares and why?) but if not, $46 is not too shabby either.
As stated in what you quote, the MOU requires only that NPSP disclose more information. They have done so (amendment 4). The court will sign off on it. You will get an extra mailing in a few months.
Also part of the MOU is that NPSP will pay the Plainintiff's lawyers. They will collect a few hundred thousand dollars.