Can't see it happening. Cephalon is updating the market with...

Can't see it happening. Cephalon is updating the market with sub. shareholder notices regularly and is short of 30% currently. It has said it will extend its current offer (which runs out in a week or so) if it has 80% by that date............very unlikely,although you never know with the way the price is behaving currently.........the market is now factoring in failure and a board who have no desire to go it alone. There may be a flood of acceptances as it appears no rival bid is feasible.

The sentence from the announcement 8/5 that you need to bear in mind is :"Cephalon Australia will not free the Offer from the condition set out
in section 7.6(b) of the Offer (90% minimum acceptance condition)
under any circumstances. If the 90% minimum acceptance condition is
not satisfied all acceptances of the Offer will be void.
"

ie) Cephalon currently has nowhere near 30% actual interest in SRX as it includes acceptances in this figure........if they don't get their 90% then these acceptances become void and Cephalon's holding reverts back to what they actually OWN ,which is little if any.