What are 'Contingent Value Rights - CVR'
Contingent value rights (CVR) are a type of rights given to shareholders of an acquired company (or a company facing major restructuring) that ensures they receive additional benefit if a specified event occurs. A contingent value right is similar to an option because it often has an expiration date that relates to the time the contingent event must occur.
$70-$75 buyout with CVR's for remaining trials/uses for pima. I think it could fetch more, upwards of 85-90, but I think that would be enough to get it done. Plus the CVR's will likely add value on the backside.