We Love Aggressive Strategic Buyers in Cubist, The Bidding Starts at $20
According to reuters Cubist offered $20 to OPTR before they decided to explore strategic alternatives and then start the auction process. This tells us that OPTR wants a higher price and will get it. Each bidder has a marketing agreement with OPTR that covers the globe by region and understands the underlying values of controlling the global sales of DIFICD.
Shorts have plenty of reasons (8,185,377 million shares) to cover as the writing is on the wall now.. Longs should dry up the sell side orders and remove all lower stop orders and if you need to add upper stop orders very high to compete with the shorts and force them to cover higher.