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ONYX Pharmaceuticals, AŞ Message Board

  • kot882001 kot882001 Jul 8, 2013 9:22 PM Flag

    How long this "bidding war" will take?

    So far a week has passed and no mentioning of any other offers...Initially, I've expected it will take couple weeks but maybe I was wrong and it will take much longer until we hear about any other offers (assuming it will be any...). Aug 7 is date for CC, so then, we, probably will hear something...Anyone has any other speculations regarding timing?

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    • I would say it will take a minimum of six weeks. If Onxx is serious about getting the best offer they have to provide nonpublic information to potential bidders, and they have to have time to review it. Remember Onxx did this same thing a few years ago and concluded no one was willing to offer enough, so they decided to remain independent. While this move has obviously worked out well for dedicated long term investors, I think they need to do a deal this time. IMHO

    • I learned one thing from trading over 30 years,when everyone expects a takeover it usually never happens.