My simple minded take on your information is this.
Biota capital stock will be transferred to Nabi in exchange for 0.749778075 of a share of Nabi common stock
This is close enough to 0.75 of a Nabi share (current price ~$1.78) for each Biota share.
This suggests to me that The US market is valuing each Biota share at ~ 0.75x1.78 = $1.335.
This value does not change regardless of the subsequent 1 for 6 share consolidation for Biota Pharmaceuticals.
If Lazin is wrong I must be wronger.
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