Wonder if those activists had anything to do with Jack no longer working at the company. Guess those activist were maybe spot on with the guy.
This could be concerning since this is after a director abruptly resigned a couple days earlier. I see the stock took a big hit today.
This company could be gone before that happens.
I wonder if the board would accept say $8 a share or if they will go for more...
Hope they keep us informed.
When they sit down you can bet that with the Syria power move and no response from our great leader that the Saudi's will be listening intently as I suspect the Russians will be tell them like it is going to be going forward.. Imo, the Saudi's are going to cut production and by more then many here think...
The way I understand it they were a losing bid in the RCPT battle and might want to go after one of the other players developing similar drugs in that space.
There is a company called Arena that has what some believe is a better product but they also have 4 other drugs in development and probably won't go cheap once they get through phase 2 trials.
Serious size buying interest here today.
Not used to seeing big number bids here with this stock.
Don't have a clue as to why this is suddenly happening..
Yes it appears to be the fastest way but might not get the best price.
Then again with the continious dilutions perhaps this is best.
Stock was at $65 after the news and today they had it down to $51. Seems like retail is throwing in shares trying to protect some of the gain from the deal.
Hope the CNBC doc knows his stuff.
Weak institutional ownership at about 24%. This might explain some of this, imo.
That news yesterday should be attention getting for the tutes who usually think about things for a day or two before buying stock.