InvestorsHub Logo
Followers 242
Posts 12271
Boards Moderated 0
Alias Born 08/14/2003

Re: 52172 post# 1085

Sunday, 12/17/2023 11:30:44 PM

Sunday, December 17, 2023 11:30:44 PM

Post# of 1106
I've read where they anticipate the decision will be finalized in 100 to 250 days. I really don't believe that we'll hear anything before the Holiday period is over as too many key people are on vacation. I would hope that by February we'll have some indication, either a bidder, or notice of when an Annual or Special Meeting is being conducted to vote on the proposal.

If the company receives anything, I believe they're bound to tell us.

It seems like many who've looked at it believe the penalty that will be paid to ABBV could prevent a competing bid. I really believe that IMGN should be worth significantly more, at least a few more billions. If that's the case, the payment of a fraction of a billion to ABBV shouldn't prevent such an action. I would hope that any new offer came in at least at $40 a share, ideally higher than that. If I'm right about that high a price, the penalty shouldn't prevent a thing.

Gary
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent IMGN News