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DewDiligence

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DewDiligence

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Re: biotech_researcher post# 216402

Monday, 01/08/2018 10:17:02 PM

Monday, January 08, 2018 10:17:02 PM

Post# of 257375
Re: ABLX non-buyout

The proposal represents a 66% premium over Ablynx's three-month volume-weighted average price of EUR18.39 as of Jan. 5…[emphasis added]

However, the €28.00 non-CVR portion of the proposed buyout is only a 32% premium to ABLX.BR’s 1/5/18 closing price of €21.20.

The volume-weighted three-month average price and other similar metrics are silly ways to assess a proposed buyout, but suitors will continue to use them when they make a deal sound more lucrative.

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

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