Anavex Life Sciences Corp (AVXL)

[boi568]

I agree that there is a likelihood of a buyout offer occurring after what we now expect to be a successful AVATAR result. Any such offer is more likely to be behind the scenes than public.

I do not expect Anavex to entertain a buyout at that point. The share price will be at new highs and pressure to accept minimal. Legal defenses are in place and available.

My guess is that an offer would not be more than about $5 billion. The point at which a buyout becomes a serious possibility is following a favorable AD trial readout, next year, when the price offered will be in the tens of billions of dollars. That kind of offer would be harder to reject -- might in fact even be welcomed -- and much more likely to be put to shareholders if rejected by the Board of Directors. Of course, we aren't there yet with trial results.