ImmunoGen Inc (IMGN)

[skitahoe]

It's no different than SGEN, trading near, but under the buyout price.

The only way this changes is if either Investors, primarily Institutions show some resistance to the buyout price, or they actually get competing bids which certainly would raise the price to near what the new bid was.

Personally I'm unsatisfied with the offer after being in the company essentially all it's life. I believe if it's turned down we'll maintain about $25 or more, and with more proof of what our products are doing, that could easily be the basis for an offer in the $40 to $50 range. While I believe a few years from now we could be worth far more than that, it would be a far better price than what management has sold out for.

Gary