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Astex Pharmaceuticals, AŞ Message Board

  • bobby673 bobby673 Sep 15, 2013 10:47 AM Flag

    SEC SCHEDULE 14D-9 SOLICITATION RECOMMENDATION STATEMENT Filed 9-13-2013

    Hopefully you have had an opportunity to ready through the 9-13-2013 SEC 14D-9 filing. It looks to me like a CYA document fot ASTX. Note this was developed after all the potential litigation investigation. The section on the 12 public traded development stage , oncology-focused biotechnology companies allegedly reviewed by Jefferies is very interesting. Not sure how a number of these companies justified the low tender offer for ASTX. Many of the companies have signifcant debt, lower revenues and not as good a pipeline as ASTX.

    Sentiment: Hold

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