Nice call on NTMD: Deerfield raised its offer to 0.80/sh and the BoD accepted. Inasmuch as 0.80 is more than Deerfield’s own estimate of liquidation value, the effective proceeds on Deerfield’s pre-deal shares could be considerably less than the 0.80 figure. As you said, Deerfield must have thought Archemix was a complete dog to have opted for this deal instead.
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