Value 1.5-2BillionBoard will accept 500M to 1Billion buyout offer.Bank on it. Patent protected profits in a 7 Billion dollar market.
500-1bil?Let's call it 750 mil and be done with it.$750 mil=$32.6/shareIt all depends on who really owns it right now after more than three times available stock was traded in the last 48 hr.
How does the math work for PPS? tia
On a rough calculation. A buyout of 1 Billion would price it at $45/share, and a steal buyout on the cheap of 500million would price it at around $22.50/share.Longterm, the company could justify a 2+Billion mktcap given it's drug has multiple advantages over the current leaders in the 7 Billion/year insomnia market.
What is your guess of a buyout? Thanksmany saying $25-30