Yet another article on the buyout.. | IMGN Message Board Posts


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Msg  57222 of 57658  at  12/3/2023 12:19:27 AM  by

GaryM


 In response to msg 57221 by  Topexec
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Re: Yet another article on the buyout..

Oppy,
 
I certainly hope this doesn't come to a vote before the Annual Report and hopefully they'll continue normal operations until then, so we'll learn more at ASH, make an appearance at JP Morgan Healthcare, etc. etc.  By that time if we have final approval I've got to believe that Institutions will see that the price should have been $25 or more with that news so the offer really shouldn't be nearly enough.  With 92% being owned by Institutions, it will take action by them to stop it, but just one turning on it could get the ball rolling and I believe many would jump in if one of the bigger ones signaled they're against it.
 
If ABBV is watching they'll either come in with a better offer, or walk away with the penalty, but we'll either get a much higher offer, or grow until we eithers don't want to be  bought, and perhaps become the buyer, or we're acquired at a substantial multiple of the current offer.  It might take a couple years, but after decades fighting for success we really shouldn't quit just months after we finally achieved it.
 
Gary 


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