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jbog

03/02/20 8:18 AM

#228889 RE: DewDiligence #228885

While I hold a nice position in Iovance the rumor early last week that IOVA was in talks was reported by the same Bloomberg reporters that wrote about the Friday Forty-Seven deal. Ed Hammond and Nabila Ahmed.

Wonder if they can be right twice. I'll be adding today.

jbog

03/02/20 5:55 PM

#228897 RE: DewDiligence #228885

GILD-FTSV buyout price=96% premium to FTSV’s closing price on 2/27/20



I think it was back in last October that Forty-Seven carried a Market-Cap of close to $240 million with $167 million of cash. That gave it an EV of something like $73 million.

It presents a couple of so-so combo's and now it's gone for $4.9 Billion

Wow

DewDiligence

04/07/20 10:10 AM

#230619 RE: DewDiligence #228885

GILD completes acquisition of FTSV:

https://finance.yahoo.com/news/gilead-completes-acquisition-forty-seven-123200005.html

Pending deals are closing despite the pandemic. In this case, there was never a major arb opportunity as there was, for example, with UCB-RARX (#msg-154778431).