Is there a shareholder vote for this merger? Usually there is a vote.
usually in a month or two for them to haggle with the ONXX BOD/management team to see who stays/change in control payouts. Got to keep the smiles on to get their votes and then they can tank them.
Look at AMGN, all time high. Unreal. They did not steal. ONXX management gave it away. Maybe they even got AMGN shares as part of the deal?
We got more than the $120 talked about before & the stock was in the low 80's before the talk of a buyout began.
50% gain isn't enough for you?
The due diligence was clearly outlined in the SEC filing. AMGN paid a fair price and assumed all the future uncertainties. If you think ONXX was a slam dunk look at CYTK.