Friday, May 12, 2017 7:43:34 PM
CNAT knew this and had a good relationship with these guys. CNAT approached them and suggested this transaction allowing advent to sell all it's CNAT shares at once without killing the market. They can then liquidate and Claire the partnership
The deal allows CNAT to offer a bigger number of shares to new investors. CNAT wants to get a broader institutional holder base. Institutions had stayed away from prior offerings, but will buy into this one now that the option has been exercised by Novartis.
A little complicated but it makes sense.
W
If I could afford to buy all of them, I would not need to buy any of them and I sure wouldn't be spending time on the message boards!
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