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PROLOR Biotech, Inc. Message Board

  • lahepworth lahepworth Apr 30, 2013 7:18 PM Flag

    Buyout price was 7 dollars for PBTH

    If OPK goesto 6.50 it doesn't matter. Buyout was for 7.00 at the time of the announcement.

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    • That is incorrect. If OPK is trading at $5.00 the day of the close, Prolor shareholder's will get .9951 of a $5.00 stock. the $7.00 will be meaningless at that point because you will not be able to sell your freshly minted OPK share for more than the price OPK is trading at. If the deal were done right now and you had 10,000 shares of Prolor, you would get 9951 shares of OPK and they would be worth $6.66 period. Doing the math from the $7.00, you have already lost almost $4,000 of the original value of your shares. (10,000*$7.00 - 9,951*$6.66)

      Sentiment: Sell

      • 1 Reply to john_j_315
      • My statement was not incorrect. At the time of Opko's aquisition the share price was $7.03 share. The value of the deal is $480 million, and Opko will pay $7.00 per share for Prolor's stock. The deal is expected to close in the second half of 2013, subject to certain conditions including the approval of stockholders of both companies and other customary closing conditions.

        Why try to short against a billionare who will create a company better then TEVA. Just buy PBTH and hold. You will be rewarded!

    • tiptopprinting Apr 30, 2013 8:56 PM Flag

      But aren't we getting .9951 for each one of our shares. so at the time of the exchange what ever price OPK is you are getting .9951 of it.

      Nothing to do with what was the price when they announced the buyout. They probably ran the price up before the announcement so people will think we are getting more then what we will end up getting

      Everything about this deal STINKS