Given Imaging Ltd. (GIVN) Message Board
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Elron to Buy $24M worth of Given
TEL AVIV, Israel--(BUSINESS WIRE)--Elron Electronic Industries Ltd. (NASDAQ:ELRN - News)(TASE:ELRN), announced today that it is commencing today a tender offer to purchase 1,462,640 ordinary shares of Given Imaging Ltd. (NASDAQ:GIVN - News)(TASE:GIVN) for $16.54 per share, net to the seller in cash, less any required withholding taxes and without interest. If the tender offer is completed, the total payments made by Elron will aggregate to $24,192,065. If more than the maximum number of shares offered to be purchased in the tender offer are tendered, Elron will purchase shares on a pro rata basis.
http://biz.yahoo.com/bw/080516/20080516005317.html?.v=1-
So the shares are attractive to Elron.I'll just hold onto mine.
- 1 Reply to warbler3md20852
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This is also what I'm doing. It seems that there is some (little) movement in this stock on the upside these last few days. Let's hope this continues.
P/E is high though but I think the new target prices mentioned by the company will justify this in the near future.
Any other comments?
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Delayed FDA approval refers to PillCam COLON.
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With Elron and affiliates going to 48.5% ownership and AXA ownership at 17.3%, that's two thirds of the company held by long term investors:
http://www.globes.co.il/serveen/globes/docview.asp?did=1000342663&fid=942
http://www.globes.co.il/serveen/globes/docview.asp?did=1000341125&fid=942- 4 Replies to twelvetooth
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Smart investment decision
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Are they long term or isw it just a hope. If Given is so good as a company, how come their stock value dropped 50% in the last couple years?
Cannot blame it on the market conditions around the world. Others with potential have done well! -
Read the recvently filed annual report and learn the reson why this is true. Superb performance by the company over past year
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Personally, I am not inclined to accept the tender offer. I think that this company's future is too big to let it go so cheap.
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