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DewDiligence

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DewDiligence

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Re: ronpopeil post# 204449

Tuesday, 09/20/2016 9:27:38 AM

Tuesday, September 20, 2016 9:27:38 AM

Post# of 253171
AGN-TBRA-acquisition PR:

http://finance.yahoo.com/news/allergan-acquire-tobira-therapeutics-expanding-120000171.html

The buyout price* of $28.35/sh in cash is a 498%* premium to TBRA’s closing price yesterday. The 498% premium is the largest I've ever seen in a biotech deal (see next post). The nominal deal value* is $615M.

*Excluding CVR potentially worth $49.84/sh.

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

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