According to your daily rambles your in your out your in your out, or there are no buyers, or Hung can't be trusted. or they should grab Sanofi's offer. Blah blah blah. I don't trust or believe anything you say given your constant change of direction. To bad you didn't just buy and hold, like you claim you did, sometimes.
Stock_lurker The company stated they have signed a "number" of NDA's. Can't imagine a better source than that. Your posts continue to confound me. One day you have sold out and the next day you claim to have shares. likewise you seem to like to argue with anyone with a positive post. Either you have a split personality or you are a day trading short or you just like to hang around for no apparent reason.
bearofbleecker Any ground floor biotech's worth looking at should I suddenly find myself floating in cash?
I have said before I would be happy if MDVN sold Xtandi and distributed the majority of the cash to shareholders and kept talazaparib. They could hold back enough money for future expenses or perhaps shop for other compounds as well.
Two options, both quite good:
1. The other reported suitors get into a bidding war.
2. They go it alone growing at an estimated 30% a year while awaiting results from multiple late stage trials and possible expansion of Xtandi.
Having already received a round of bids makes sense given the new Sanofi offer was quickly followed by a rejection and than NDA agreement . They could have been told they have already been outbid and than invited to the table for further due diligence and possible new bid.
The only one dreaming here is you. You continue to ignore the obvious and assume the unlikely. You think MDVN folded because they were going to lose the vote? It was Sanofi that raised their bid (still to low) in order to participate. Something that has been sugested here for weeks. They have also agreed to discontinue their board takeover for six months. Does this sound to you like the vote was going their way? As for other bidders they have now confirmed there are a number of suitors. Your earlier posts that Sanofi would bribe Vanguard to vote their way is sadly one of your more typical paranoid ramblings. Of course you also told us you sold your position here so I would say you are batting 0.00
This is the first time MDVN has confirmed what had been reported earlier. That there are a "number" of suitors.
"MDVN) today announced that it has entered into confidentiality agreements with a number
of parties that have expressed interest in exploring a potential transaction and demonstrated that interest to the Board of Directors’ satisfaction. Medivation also
confirmed that it entered into a confidentiality agreement with Sanofi and that Sanofi agreed to terminate its consent solicitation."
SEC form merely details what is already being reported in the news.
The sweetened offer removes the you got to be joking label from their original bid and allows them a peak at the books. Guess they should have read the posts here which had been advising that all along.
Why won't they extend the same to SNY? I have suggested before, and its the only think I can think of that makes sense, is that SNY seriously #$%$ them off. I suspect they threatened the company with exactly what they are doing now after a take it or leave it low ball offer. Otherwise there would be absolutely no harm done in negotiating or opening the books to them as is supposedly being done with others. It also fits with SNY's crazy takeover attempt without raising its bid. They want it and they don't want to pay more than $52.50.
@Hitest I will patiently await your thumbs down
Not sure how much talking to the board is going on while they are actively trying to oust them. There have been and most likely continues to be some bad feelings there.
SNY is a bit biased in its reporting of who else may be interested. As for forcing MDVN's hand if all other suitors disappear, remember this company was not seeking a sale. Going it alone is a very enticing option, there is no need to sell. Certainly not at a fire sale price.
If MDVN goes it alone with its five year estimated 35% annual growth think of what it will be worth a year or two from now. Meanwhile Sanofi's growth is estimated to be 7%. Who needs who? MDVN has been rumoured to be sought after by other companies for years. That will continue and the price will continue to go up.
Approaching the half way mark for voting. Getting to be a bit late for SNY to increase the bid. This was why I was curious if they get vote updates as it may spur them to change their questionable tactics if they were to see the vote going against them.
I know they prefer not to sell but your statement of no intention to sell is not true. Everything is for sale at the right price. $52.50 was a joke and was treated as such. Hiring an adviser and entering into NDA's with others would suggest they will entertain SERIOUS offers. I have already voted and stuck with the current board, a board that has a proven record.