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DewDiligence

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DewDiligence

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Re: Summer2762 post# 172736

Tuesday, 01/14/2014 10:02:10 PM

Tuesday, January 14, 2014 10:02:10 PM

Post# of 252790
ENTA has no dividend to serve as the impetus for an exercise-and-hold transaction; however, a potential tender offer for a portion of the ENTA shares currently outstanding (say 20%) confers the same benefit to an early exercise as a dividend payment.

A tender offer for 20% of the shares outstanding is exactly what happened in the ImClone case (#msg-95930596).

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

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