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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$21.27 |
Change
0.650(3.15%) |
Mkt cap ! $2.718B |
Open | High | Low | Value | Volume |
$20.84 | $21.56 | $20.76 | $7.760M | 364.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 1378 | $21.24 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$21.29 | 218 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 200 | 21.240 |
1 | 47 | 21.150 |
1 | 500 | 20.860 |
1 | 240 | 20.800 |
1 | 50 | 20.630 |
Price($) | Vol. | No. |
---|---|---|
21.300 | 12763 | 1 |
21.350 | 30 | 1 |
21.380 | 471 | 1 |
21.410 | 25 | 1 |
21.500 | 60 | 1 |
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