ImmunoGen Inc (IMGN)

[skitahoe]

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