Last of my position gone today at 7.10.. A bitter sweet moment.. Made good money but could have been much better.. I think management jumped the gun with this IBM deal.. Oh well.. Good luck and all the best to any one still holding.. Personally, I gave up on a new offer emerging and with this market decline, too many places where one could make 10-20% without too much trouble so I cashed out..
I thought the same but once I saw $25m breakup fee, I decided to take the profit and move on.. Specially since with market decline there are a lot of places where one can make money.. No other competing offer and frankly, disappointed with cash sale so no choice for me personally.. This is after holding for 7-8 years.. Good profit but ultimately not what I was expecting..
You have a point but a new bid or maybe the bid will be increased. I felt $7.13 was low ball and felt $9 or $10 was more realistic. Time will tell.
What are you holding out for you can just sell in the market? Have any of these firms actually filed a suit or are you waiting for another bidder?
The Merger Agreement contains certain termination rights of IBM and Merge and provides that, under specified circumstances, upon the termination of the Merger Agreement, Merge will be required to pay IBM a termination fee of $26.0 million.
Yes, ALL buyouts go through this. The lawyers do it because it is very lucrative
to them,but it returns nothing to shareholders. The two sides will eventually agree to settle the lawsuit (the many suits get consolidated) in exchange for more disclosure on the sale process.
A few mergers have resulted in payment to shareholders, These, however, involved unusual circumstances eg a sale to insiders.
There is no need to contact a law firm as the suits get class action status and all shareholders are included.
Hired - øH!!!!
It was Merrtick controlled by the former chairman and now member of the board mr Ferro who got an incentive model if they could find a buyer for more than 1 bil. The agreement were done in may 2015.
A strange arrangement with a board member, and were the IBM deal allready lined up i may 2015.
How much will mr. Ferro personall get from this deal.
The bid is undervaluation Merge
Clinical Trial solution id brilliant and worth alone 300-400 mio usd. it was developed by mr Dearborn himself - great job. I have followed Merge since its start.
IBM does not mention this unit but it is a gold mine
They should have sold The Clinical Trail solution to 3 party and then the rest to IBM - then we could have got + 30% more
IBM and management through incentives will gain on this deal.
after thinking about this, I am convinced that one of 2 things will happen. Since a company the size of IBM was attracted to this little company, there is something here of greater value than meets the eye. There sure were a lot of law firms that jumped on the band wagon to say the buyout price isnt enough. I think that either IBM sweetens the deal, or another firm who has been attracted to the deal makes a better offer. Something is here thats worth going after, thats my opinion only. Been in and out of this stock since its IPO, WATCHED GO TO THE HIGH 20S, DOWN TO ZIP, AND BACK HERE. wAS ABSOLUTLY BELITTLED WHEN i SAID TO GET OUT AT 6 BUCKS, AND THEN WATCHED IT FALL TO SQUAT. This time I am sticking with it for the forseeable future.
You forgot that all of you faithful shareholders could vote against the merger and stop it. Everyone is holding onto their shares aren't they? We have the power! Oh yeah; That's going to be hard because that firm they hired is going to get a nice payday. It's not selling at 7.13 yet and am wondering if that will happen.
the company aint been bought yet. With all the law firms looking at this deal, a couple things could happen. Number 1, another buyer could make a better offer, number 2 is that IMB wants them bad enough to sweeten the deal and avoid litigation, or number 3, IBM tells us all to go fly the coop and takes the offer off the table, in which case you will have a 4-5 dollar stock again.
Not going to go anywhere... the company was valued at a $1 billion by the firm they hired to search for investors/buyers... take that and payoff the debt and yup... over $7 a share... a shame the company got bought bc it very well could have been $10 by end of year
What is with all the suits? Does this normally happen? I am sure that when this goes to a vote the company and IBM will have a majority of the shares and will get passed. Is there an example of a company found negligent and monitory reward paid? Was this given to remaining shareholders per share or those in the class action suit? Anyone have any similar outcome stories? Or do most go smoothly?
There will be a vote but the process will take a little while. Doesn't matter anyway Dearborn has so many shares I don't see how it wouldn't pass. I said earlier that he would sell quickly as its the only way he can get out. I remember when he was buying shares every week under $1. If his average price for his over 25 million shares was over $1.50 I would be really surprised. But he has been trapped in this stock for a long time with his only hope of getting out being a sale of the company and this is the first time the company has been strong enough for someone to actually go through with the purchase.
Agree!! had a cpl thousand shares in mid 2s so the return was nice but I had higher hopes for the co ... I do see their are already lawyers lining up to class action this thing ,lol -- which never pays off btw ---- to anyone excep tthe lawyers that is ..... anyhow I suppose we take our profile and go happily on our way if this deal goes thru ..... Does smell alittle fishy to me tho that we work thru yrs of issues -- finally begin to look profitable and then the co sells it shareholders out without as much as a vote !!! What happened to the vote here ???