PROLOR Biotech, Inc. (PBTH)

[bear20]

Feel a little better about the merger getting done after reading a recent article about the upcoming deal between OPK and PBTH. Frost has the power...

Frost is the biggest shareholder in both Prolor and Opko, owning 26.5% of the former and 50% of the latter. In contrast to Israeli law, under US law, Frost and his associates who are parties at interest in the deal are not banned from voting on it. This means that the vote by Opko shareholders is essentially a done deal. As for Prolor, the parties will have to secure a third of the independent shareholders to approve the merger.