Quote LOL, "Astellas with cash on hand of Yen 396,430 x 1,000,000 based on their Mar 2015 financial statement can raise their bid considerably.
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BUT, their offer is $8.50 CASH and there's NO INDICATION OR REASON AS OF YET that Astellas needs to, or has to, or will "raise their bid"??????
WHY would Astellas supposedly "raise their bid" when they do not need to raise their bid???????? Why????????
Astellas already "raised their bid" during prior negotiations with OCATA BOD and Sr Mgt and BOTH teams/Boards have accepted the $8.50 per share bid as the buy-out tender price. THAT IS THE DEAL. There's no "raising of the bid" taking place? Where? When? Why?
TOTAL NONSENSE IMO. BS.
Posts contain only my amateur opinions, personal views and thoughts. I discuss stocks as a hobby only. Always do one's own due diligence before investing.