Taxman, it is under OPKO, I see it now. Jane Jsiao is chairwoman of SFES & is director at OPKO and I've known all along that SFES holds business in same building as OPKO on Biscayne Blvd in Miami. My opinion this is good. Not sure what we will get in cash (probably nothing) but will get ownership shares in Transenteriz and then probably will all fall under the umbrella of OPKO Health eventually. That is smart by the good DR. and I own shares of both and soon Prolar too.
not necessarily taxman, it's still up in the air since HSIAO JANE PH D. is chairwoman of Transenteriz and is major holder in OPKO. Whew, I am at a loss here folks, anyone else? Please comment for that is what this MB is all about, eh? TIA and GLTA
Am I see right that SFES is the target and the acquirer (TransEnterix) is paying cash to shareholders of the target SFES? Then hareholders of SafeStitch Medical and TransEnterix will own approximately 35% and 65% of the combined company. If so, what is the cash equivalent for us? That is what I'm not sure of since transenterix is a private co.