maybe Nktr management is planning this offering to prevent a PFE Buyout?makes it less profitable if PFE has to take over debt.PFE should ACT first and buyout NKTR now. hey PFE make an offer we'll go for: 1 share of PFE for 1 shr of Nktr.
I think many here are missing the point. All NKTR is trying to do is refinance their existing convertible debt.
why is that affecting the price?
That would be a sweet deal, but I don't believe it will happen.