If my calculations are accurate, KERX shareholders will now be owners of a merged company with same O/S as KERX today with nearly 62.5% ess shares. This means that a KERX $10 buyout of today would have to be a AKBA $27 buyout of tomorrow to get the same proceeds. KERX sharehokders got the shaft if my calculations are approx. accurate. This is the transaction employed, by way of a merger with AKBA at conversion ratio .3743, that KERX s/h were screwed AGAIN! ALL above, in my opinion (not sure O/S calculations are correct)