CXS
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0.00% 70.0¢ chemgenex pharmaceuticals ltd

I wouldn't think we are looking at a possible t/o - just a...

  1. flawed
    118 Posts.
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    25/03/11
    13:30
    Post #: 8165478
    I wouldn't think we are looking at a possible t/o - just a decision on whether Cephalon will exercise their option to purchase shares at 70c.

    I think I'm right in saying the deal was structured so that Cephalon don't have to launch a t/o bid.

    As I see it, a yes means they think it will get through the FDA next time around, and a no means they don't like its chances. Fingers crossed.

    Regards.
    CXS Price at posting: 44.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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