According to reports, Otsuka is interested in acquiring ASTX for approximately $9.50 per share. This is nice, but the actual offer has yet to be made.
Meanwhile, ASTX already has an existing relationship with another Japanese company, EISAI Inc. Is it possible that EISAI will play the role of "white knight" and make a higher offer?
I'm just glad I didn't listen to bucket and be out of the stock when this event took place.
eisai had the first right to make an offer on SGI-110. I wonder how that fits into all this?
bucket called us all pumpers and it looks like this turkey plumped up nicely
i called him out on $9 before $4, glad I was right
eisai is probably the reason the deal hasn't been announced
they have the first right and they're looking at it now
Sentiment: Strong Buy