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Biotech / Medical : SIBIA Neurosciences (SIBI)

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To: LLCF who wrote (467)8/2/1999 1:12:00 PM
From: Biomaven  Read Replies (1) of 579
 
What about another bid????

Well they do only have around 30% locked up. It's trading for close to the deal price, which may indicate some speculation about another offer or maybe just that it's a close-in all cash offer.

I don't think another offer is very likely, though. It's hard to value a biotech without their cooperation.

One could fantasize that the remaining 70% of shareholders might say "No" and cause them to sweeten the deal. My guess though is that the institutions will just take their sudden 60%+ gain and move on.

Peter
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