Replies to post #1373 on Novavax Inc (NVAX)

[mlkrborn]

Interesting move!
Novavax makes public tender offer to acquire all outstanding shares and warrants of Sweden-based Isconova AB; total transaction valued at ~ $29.6 mln (NVAX) 1.89 : Co announced that it has made a public tender offer to acquire all outstanding shares and warrants of Sweden-based Isconova AB directly from such holders and intends to make a private offer for all outstanding stock options. The total transaction is valued at ~ $29.6 mln based on the June 3, 2013 closing stock price of Novavax's common stock. The offer has been recommended by Isconova AB's board of directors in a press release that was issued earlier this morning. Novavax will acquire all outstanding Isconova AB shares for ~ 15.5 million shares of Novavax common stock, corresponding to an offer value of SEK 15.46 for each Isconova share. In addition, Novavax has offered to cash out all outstanding 2005-I warrants and 2005-II warrants for SEK 140,277, based on a "Black-Scholes" valuation. Pursuant to the private offer for stock options, Novavax intends to issue 218,120 shares of Novavax common stock, corresponding to a value of SEK 8.30 for each option share.