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Post by wkndplyr on Sept 2, 2014 18:49:14 GMT -5
I am long, hold a fair amount of shares. I was wondering if mnkd would be bought out, would we be paid the final price per share, or would we be able to exchange our shares 1:1 for the new shares? I see that the actual delivery device may be the golden goose. If we were to be bought out and paid, would it be wise to buy the company that bought out mnkd because they may now hold the rights to technosphere/delivery device.
plyr
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Post by dstevenson on Sept 2, 2014 20:23:07 GMT -5
they cant still split the technosphere device as a seperate company (been rumored around the boards)
it depends on the deal. they'll first announce it, once its announced the share price will most likely come close or higher then the actual buy out price (if we have massive short squeeze i.e.) from there once the deal is complete with the tender offer thats when there will be exchange of shares/etc depending on how the deal is structured.
i.e., mnkd splits into xxx(xxx holds technosphere) and lets say sny buys us out, 50% cash 50% sny stock. so you'll get a 2 for 1 on the mnkd for sny, and probably a 1 for 1 on xxx company if there is a spin off of technosphere
if its a straight cash offer, they'll have a tender offer, but watch out for those casue often times your brokerage will have a "reorg" fee and some are cheap while some are very very expensive and depnds on the share count/option contract that you have
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Post by jpg on Sept 3, 2014 0:50:58 GMT -5
There is very little pointing to Mannkind being bought out in the near or medium term. I think those hoping for a buyout will find the next few years difficult.
I for one hope they do not get bought out anytime soon.
JPG
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