Replies to post #166040 on Biotech Values

[DewDiligence]

The Otsuka-ASTX deal is now official at $8.50/sh in cash:

http://finance.yahoo.com/news/otsuka-pharmaceutical-acquire-astex-pharmaceuticals-074825124.html

CC today at 8am ET.

The buyout price is a 27% premium to Tuesday’s closing price of $6.68. The deal has a value of $886M on a fully-diluted basis.