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.
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
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).
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