Astex Pharmaceuticals, Inc. Message Board

  • spicebyr spicebyr Nov 17, 2007 12:29 PM Flag

    Cash in the bank makes this a perfect

     

    takeover candidate. Look, they have a product, they have revenues, they have a pipeline, they have CASH! BORROWING is going to get VERY tough in the months to come. Someone is going to notice their current cash position; along with the pipeline. Sure, the buyout price might not be as high as many would like...BUT....it seems like that would be a VERY strong possibility...this is strictly MY "OPINION". Everyone is entitled to think what they want...... Good Luck!

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    • I would not bet on it or against it. The first offer would not be the last IMO. SUPG board would build an argument for the deal not to accepted, specially if they are confident on the pipeline and Dacogen future.

      • 1 Reply to billyteex1
      • I agree. Right now we do not want a buyout at even a 100% premium. I would rather see the royalties grow and take a chance on MP470 becoming a blockbuster. It would be much better if the stock would move up agressively not only on a partnership but with growing earnings from operations. Then the board would be in a stronger position and other suiters would emerge to bid on SUPG. Just hoping we are not dissapointed in ADOPT results and hope the MGI can market the hell out of Dacogen and diminish the threat Vidazza poses to market share. We are slightly in the lead but I would like that lead to widen considerably.

 
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