We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Biotech / Medical : Immunomedics (IMMU) - moderated
IMMU 84.75+1.3%Sep 15 4:00 PM EDT

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: rad214 who wrote (46155)5/18/2018 4:35:19 PM
From: erickerickson6 Recommendations

Recommended By

and 1 more member

   of 58346
If I had a quarter for every time people raised the possibility of a buyout, I could buy, well, not all that many shares but at least one.

Current management has made it very clear that they are not interested in being bought out. I believe they believe that they have a significant shot at being a full-fledged stand-alone biopharma. All their moves are consistent with that position, the execs they've hired, the sales force they're ramping up etc.

I suppose every company has its price, but I also suppose that the price would be hard to justify to the acquiring company's shareholders. Let's throw out $100 as a figure. That's roughly $20B or 5x-6x the current market cap (fully diluted). Hard for, say, Lily to justify that kind of multiple to their shareholders. And hard to think that IMMU would agree to give up the possibility of being their own "big pharma" for enough less to obviate the point.

Frankly, talk of a buyout is pure speculation, not worth spending much time on at all. If it happens it happens, but making buy/sell decisions on the possibility (i.e. actually doing anything with that speculation) is a fool's game.

And I freely admit I could be totally wrong and they could announce a buyout for $35/share tomorrow. I also admit that in that case I'd be surprised.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext