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DewDiligence

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DewDiligence

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Re: DewDiligence post# 178881

Monday, 10/06/2014 10:01:42 AM

Monday, October 06, 2014 10:01:42 AM

Post# of 251788
ACT acquires DRTX for $23/sh in cash + CVR:

http://finance.yahoo.com/news/actavis-acquire-durata-therapeutics-inc-120000538.html

…Actavis will commence a tender offer to acquire all of the outstanding shares of Durata common stock for $23.00 per share in cash, or approximately $675 million in the aggregate, and contingent value rights (CVRs) entitling the holder to receive additional cash payments of up to $5.00 per share if certain regulatory or commercial milestones related to Durata's lead product DALVANCE are achieved.

Excluding the CVR, the buyout premium is 66% and the nominal deal value is $675M.

DRTX’s Dalvance was the answer to an iHub quiz a few months ago (#msg-103497994).

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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