Agree with malmanu. Getting to 80% in the shares and the options will be easy for Cephalon. Also, my reading of the bidders and target statement is that Cephalon is legally obliged to continue with the take over until the current closing date even if Cephalon gets taken over before then (unlikely that things will move that fast). I have no insight into whether Cephalon will declare the bid unconditional or extend the bid if they have not reached 90% by the current closing date but I suspect they will extend it. -- My advice is free and worth every cent.
CXS Price at posting:
63.0¢ Sentiment: Buy Disclosure: Held
