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DewDiligence

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DewDiligence

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Re: DewDiligence post# 81285

Saturday, 08/22/2009 1:22:38 PM

Saturday, August 22, 2009 1:22:38 PM

Post# of 253527
MNOV acquires AVGN for $1.24/sh:

http://finance.yahoo.com/news/MediciNova-and-Avigen-Enter-pz-843568777.html?x=0&.v=1

This is a different twist insofar as there is no premium to the market price—the $1.24 buyout price is a 7% discount to AVGN’s closing price on Aug 20. There’s a contingent payment in the merger agreement that could raise the total consideration to $1.44, however.


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

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