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DewDiligence

01/22/16 9:49 AM

#199245 RE: DewDiligence #198415

Astellas (again) extends OCAT tender offer—until 2/9/16:

http://finance.yahoo.com/news/astellas-extends-tender-offer-acquire-135100025.html

As of last night, 47% of OCAT shares had been tendered (http://www.sec.gov/Archives/edgar/data/1140098/000119312516435069/d128218dsctota.htm ), up from 36% on 12/17 15 (#msg-119275810).

The addition of only 11% of OCAT shares in the past five weeks calls into question whether this tender will succeed without a sweetened offer.