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  • thegunnerab thegunnerab Jan 2, 2013 6:11 PM Flag

    Treading Water


    The sale of Given was not a rumor. The company issued a PR stating that they got 3 non binding offers.
    Based on Israeli based newspaper reports, Fuji offered $750M for Given, or around $24 per share.
    Other reports claimed that Dankner won't sell under 1B... Crazy valuation for a company with annual sales of 185M and virtually no growth.

    I guess the buyer and seller could not agree on the price and the deal is postponed at best.

    FDA approval won't happen before Q4 2013.

    You can sell and move on or stick around.
    In any case, we will miss you....

    The Gunner

    Sentiment: Strong Buy

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