Anavex Life Sciences Corp (AVXL)

[Amatuer17]

As of now - Dr does not have much controlling stake in co - a BP can go to market with an offer of say $600 million which is 4 times current market cap - this is to start negotiations by undercutting the value.

Unless there is a bidding war - Dr will have to defend if he says NO to this price. There is no poison pill available to ward off such hostile bid.

So he can ask for say $1.2 B which is 8 times current market cap but asking for say $2 B maybe not that logical - then you need a white horse bid by competitor.

It all will depend on how market and specially BP is viewing the data - how attractive is it to them.