By exchanging every AGN share for 5 shares of DNDN, AGN would dilute Billy Boy holding to under 10% and increase qty of shares under the BOD control. This would defeat any attempt to takeover AGN by Valeant and PS when it comes to a vote.
Read the new S.A. article just out, talks about how AGN CEO is adamant about announcing an imminent acquisition very very very soon!
DNDN has been the ONLY company AGN has been sniffing around for over a year now, plus they own Provenge drug web domain names!
AGN needs to dilute themselves with a reverse merger or direct acquisition, the smellier the better to ward off the sharks like crony Ackman and friends. Besides, DNDN debt is a huge tax write off AGN could use as an asset on the balance sheet to mitigate taxes on current profits.
Hmmm, it appears obvious what will happen next. It just makes too much sense. Only question now is exactly when it will be announced and at what price does DNDN get taken out.
Grossly overpaying? Mr. Pyott could offer 1 for 1 with DNDN and still not be overpaying for the only Approved Immunotherapy in the US and the EU. Taking the checkered flag in the race to immunotherapy and acquiring a technology from which entire pipelines could be derived.
that suggests a price of about 35 for each dendreon share and a total of 30 million allergan shares
THATS NOT ENOUGH PAIN FOR OUR LITTLE HEDGE FUND DOWN LOW AND HIS PALS
DENDREON HIGH WAS 57 add a zero