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DewDiligence

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DewDiligence

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Re: HobGlobulin post# 68699

Friday, 12/05/2008 10:27:52 AM

Friday, December 05, 2008 10:27:52 AM

Post# of 257253
NTMD, which had agreed to a reverse merger with Archemix (#msg-33657360), just received un unsolicited buyout offer at 0.50/sh in cash from Deerfield Management:

http://finance.yahoo.com/news/NitroMed-Receives-Unsolicited-bw-13751402.html

The stock has barely budged to 0.32; evidently, investors don’t take the offer seriously even though the PR says that NTMD’s BoD is “evaluating” the offer.

I put quotes around the word evaluating because the buyout offer is for cash. What the heck is there to evaluate?


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

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