Definitely would be exposed to BTA vs Nabi as
1 the deal may not go through
2. BTA has all the valuable assets
3 BTA may be taken over before then
Imagine being stuck with Nabi ( as you hold that ) and BTA gets taken out
As for comments around broker reports and their target prices, very few are willing to put themselves out there. At least RBS disntiguish between their valuation of 2.20 bs target price of 1.12 until deal gets done
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