b) NABI shareholders will have a very much smaller interest post-deal
c) BTA shareholders can forget the idea that there is an arbitrage gain in this deal. Exchange ratio to be pegged to BTA price at the time the deal goes through, within range of 62 cents to 86 cents.
. . . .and it will all be delayed by about six weeks or so I would think.
I would expect NABI shares to go up about 10-15% on this news. BTA no reason for change.
BTA Price at posting:
72.0¢ Sentiment: Buy Disclosure: Held