initial offer by cubist was 12.25 all cash- tsrxapprox 8 at the time-interesting road show by stein (crammer). now as I see it there will be arbitrage play here for next 2wks to approx14-14.25. 2 thoughts keep the shares and pay the long term cap gains down the road or sell into this arbitrage play and pay short term and invest in ie(pran,rmti,drtx) There is also possibility of company D coming aboard(who the F knows). Read through fidelity package and the stated timelines of negotiations-interesting read and in my opinion the lawsuits are bs- all fiduciary done- wish all well with your decisions
You cannot get Long term capital gains advantage on this deal. If you don't tender, the merger will go thru and your shares will be called for before end of the year. May be you will get extra month or two. There is no way to push the cash payout to 2014 from your side. I wish there is a way.
I think the deal stinks. I believe we've been had by CBST & TSRX colluding. They have not worked in the shareholders best interest. Lawyers may finally prove me right but who knows how long it'll take.
I made some $$ but the senior admin of those companies are the real winners. It's a shame there is no real oversight.