re: Ann: Ascent and Strides enter into Scheme... Expected Npat of 12 million for current calander year works out to 4.8 cents per share puts the takeover offer at 8.3 X pe
A steal in my opinon. A question? Why did Genenpharm give Ascent a 20% stake in this company and a controlling interest free of charge by issuing free call options over 25 million shares? (See link)http://www.ascentpharmahealth.com/SiteMedia/w3svc1050/Uploads/Documents/Become_a_Substantial_Shareholder_120208.pdf
Maybe thats why the Ceo is going as part of the deal I think this has been planned all along.... Comments
Ann: Ascent and Strides enter into Scheme Agreeme, page-5
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