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Re: TRUISM post# 857

Wednesday, 08/21/2013 10:09:05 AM

Wednesday, August 21, 2013 10:09:05 AM

Post# of 909
I don't think they need to wait for the 90% to pay cash to folks who tender within offer period as it will be illegal. However they need 90% to exercise so called top-off option to buy remaining shares either privately or from open market. This is where the risk is. Cubist may choose not to go after 10% which means these shares will be difficult to trade in Nasdaq.