Ariad Pharmaceuticals Inc fka ARIA

[puravida]

That's a great question. I think it's you have to hold shares through to a determined date based on the deal

I posed it to Dew on the biotech values board. Here's his answer.

"Yes. The CVR contains some elements where the triggering events won't happen for several years (if they happen at all); however, TBRA shareholders will capture the designated CVR value provided they hold the stock on the record date for the deal closing.

The TBRA CVR is apparently not tradable insofar as AGN's SEC filings are silent on this question"


Thanks Dew! So my assumption that cvr value would be determined by deal end isn't always correct. As in this case shareholders as of that predetermined date can collect on the cvr right years after the acquisition. Neat incentive