Protagenic Therapeutics Inc. (PTIX)

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http://dealpen.wordpress.com/category/going-private/

One of our participants was an executive that recently executed a going dark transaction, which resulted in an acquisition. The result was a deal that valued the company at nearly 4x what it was trading at prior to beginning the exercise.

Finally, it must be highlighted that if a company announces it is considering going dark – it needs to realize that it is telling the world that it is throwing in the towel and does not have any strategic options left to grow as a publicly-held company.

Companies have a fiduciary duty (critical Board issue) to explore any potential market transactions that would be in the best interest of shareholders and this could precipitate into an acquisition of the company (i.e., going dark, by default puts a “for-sale” sign on the company).