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DewDiligence

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Re: Titan V post# 222352

Monday, 12/03/2018 7:46:47 AM

Monday, December 03, 2018 7:46:47 AM

Post# of 257628
GSK acquires TSRO for $75/sh cash—a 182% premium relative to TSRO’s closing price on 11/15/18, the day before Bloomberg cited M&A discussions (#msg-144945059):

https://finance.yahoo.com/news/gsk-reaches-agreement-acquire-tesaro-120400498.html

TSRO’s main asset is Zejula (one of three approved PARP inhibitors), which is currently selling at an annualized rate of ~$250M based on a narrow label that will likely be expanded.

The nominal deal value is $5.1B.

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

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