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Arena Pharmaceuticals, Inc. Message Board

  • dogfromhell22 dogfromhell22 Apr 9, 2013 11:45 AM Flag

    If BP is interested

    why wouldnt they be buying shares of arna at these prices

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    • I'm not sure on what percent a company would have to file with SEC (5% or 10%) but as soon as they did that they basically have shown their hand and price would skyrocket taking away any base price to start negotiations. Sure, they might own 5% but thats a far cry from 100%. Better to negotiate a buyout with the board using current PPS as a starting point. Of course at these levels I highly doubt the BOD is looking at 30-40% premium as a viable deal.

    • Not how it works. It would be quick and for the full company. If someone knew it was coming, they might front-run.

      I wouldn't expect pre-DEA.

      I can see post DEA, especially if shorts try to hold the line below $10.

      Most people think it would be after sales come in... we won't know until we know. As many have posited, it would create a big hole in someone's pocket - a whale sized one.

 
ARNA
4.36-0.09(-2.02%)Oct 31 4:00 PMEDT

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