I'm in agreement with the previous posters with one exception.
The last t/o of which I had a fair degree of knowledge saw the acquirer only have 500 shares in the target company.
An acquirer needing to build up a sizeable stake in order to mount a bid is a furphy.
I'd be pretty confident that Jefferies would be receiving interest around the $60-65 mark right now. Hottod has posted previously what a t/o is typically pitched at and maybe somewhere in the range of 75%-125% could be expected for a company with significant upside.
Even a cynic would rate the upside for Neuren at far, far larger than 125%. If the next three trials produce similar results to the PMS, then (almost certainly) $60-$65 would be blown out of the water.
As someone who has been in NEU since 2010, I'd be prepared to sell my shares for $65 today, but would expect more as time goes by. I'd expect most long term holders would have not dissimilar thoughts.
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Last
$20.22 |
Change
0.240(1.20%) |
Mkt cap ! $2.584B |
Open | High | Low | Value | Volume |
$20.11 | $20.34 | $19.63 | $8.874M | 441.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1010 | $20.22 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$20.23 | 1443 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1010 | 20.220 |
1 | 1235 | 20.200 |
2 | 2543 | 20.160 |
1 | 1085 | 20.140 |
2 | 1116 | 20.120 |
Price($) | Vol. | No. |
---|---|---|
20.230 | 1250 | 1 |
20.320 | 1116 | 2 |
20.340 | 1085 | 1 |
20.380 | 322 | 1 |
20.390 | 1451 | 2 |
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