CXS 0.00% 70.0¢ chemgenex pharmaceuticals ltd

where to from here ?, page-2

  1. 16,335 Posts.
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    Directors are supporting the Bid and putting in their holdings , thats around 70m shares left there and Orbis i believe will put their 40m shares into the bid so that would give Cephalon almost 65% of the stock , 25% is all thats required to get the bid through over a six week ( 4 weeks plus extra 2 weeks automatic extension if bid gets over 50%) period once paper work comes through. Not to mention that over 10% of the stock has traded since the Bid has come on. I believe the Bid will succeed at 70c if not higher.
 
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Currently unlisted public company.

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