It definitely all sounds positive from this point forward. I read another article stating the CEO isn't even considering a bid under $65. (if I can find a link, I will post). On top of that, the Abbvie / PCYC deal was %21 percent premium from the previous close. Of course, there are other factors involved in that deal, but knowing all of this, I can easily see a price anywhere between $65 and $72. Seems worth it to park some $$ in MDVN for a while.
Just taking the $2billion price offer reported in the story divided by the reported 37Million outstanding shares. I am sure there is debt involved, but if the $2 billion is all inclusive, you never know....but I guess we may know Monday morning.
Using Dow Jones newswire story Apr 01, 2016 17:28:00 (ET)
: "Final bids were due late this week and the Virgin America board was expected to make a decision over the weekend, according to a person familiar with the matter. A deal is expected to be valued at more than $2 billion, well above Virgin America's current market capitalization of $1.4 billion. " .... and using outstanding shares of 37.08 Million. At $1.4 billion = $38.02 / share. Maybe I did something wrong and I don't want to get all the hopes up, but seems right to me. Any thoughts ?? (( I was expecting around $43-$45 range personally, but would take higher, of course ))