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BioClinica, Inc. Message Board

  • fred_c_dobbs00 fred_c_dobbs00 Feb 19, 2013 9:54 AM Flag

    Where will BIOC go if the buyout does/doesn't go through?

    Where is the PPS headed if the buyout occurs? I know where it's headed if it falls through. Straight back to 5 bucks and change.

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    • Why would the price go to 5 bucks. The price was at $6.04/sh on the day before the offer was made. Have you seen the projection is the 14D9 document? They expect EBITDA-CapEx to rise to 280% in the next 2 yrs. What would that do to the valuation? I think the stock is going to $10.80/sh or higher after the tender offer fails. There is no need to agree to the tender offer. If it passes, (whether you vote for it or not) you would still get $7.25/sh. If it not all requirements for offer are met (whether you vote for it or not) you still will remain with your BIOC shares. Effectively, this is a vote of "Do you want the acquisition to occur?" (meaning do you want to offer the golden parachuttes to management? do you want to give up your ownership in a company that is growing by more than 20% per year and projects significant increases in revenue, EBITDA, net income, etc in 2013, 2014 and 2015?). I think the better choice is not to accept this lowball offer.

      Sentiment: Strong Buy

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