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Post by ashiwi on Dec 16, 2013 15:18:18 GMT -5
While I was checking out Greenhill's recent deals, I came across this one among many others. Greenhill certainly has a lot of huge deals to their credit and seem to be the REAL Deal. www.greenhill.com/index.php?option=com_content&task=view&id=137&Itemid=289Kos Pharmaceuticals, Inc. Advised Kos Pharmaceuticals, Inc., a specialty pharmaceutical provider of cardiovascular and respiratory drugs, on its sale to Abbott Laboratories One morning we will wake up with The Press Release.... Mannkind inks deal with XYZ Pharma for $ ??...
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Post by spiro on Dec 16, 2013 16:02:54 GMT -5
Thanks Doc, That's a very impressive list. I liked this one in particular-
12-Mar-2009 $46.9 billion United States of America Genentech, Inc. Advised Roche Holding Ltd., a world-leading provider of healthcare pharmaceuticals and diagnostics, on its acquisition of the outstanding publicly held interest in Genentech, Inc., a leading biotechnology company Switzerland Roche Holding Ltd.
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Post by biotec on Dec 16, 2013 19:21:09 GMT -5
Would be nice to wake up with that news.Or any news would be nice.
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Post by rak5555 on Dec 16, 2013 21:28:37 GMT -5
Actually, it was KOSP that lead me to MNKD. For me KOSP was a 10 bagger and was a major component in my retiring several years ago. After the Abbott buyout the posters on the chat board each submitted their favorite investment pick. I can't remember who promoted MNKD, but I have been following and investing ever since.
I am 100% confident in Greenhill's ability to close a deal. These guys know what their doing. Now we just need a little cooperation from the FDA.
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Post by spiro on Dec 16, 2013 21:58:44 GMT -5
Rak,
I met Ashiwi at a KOS shareholder meeting in Miami. Ashiwi was interrogating the CEO. I just happened to be sitting next to him. I asked a couple of meek questions. We have been friends since that meeting. Ashiwi got me involved in Mederex before it's buyout and I have recommended MNKD to him. I am sure if MNKD progressing as we think it will, Ashiwi will be joining us in retirement.
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Post by krj00 on Dec 19, 2013 10:24:43 GMT -5
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Post by babaoriley on Dec 19, 2013 13:27:17 GMT -5
Probably a combination of cash and maybe options or warrants; the cash would come from the buyer, would be my guess (of course, it's kind of all the same pot, but I think, technically, the fee comes out of partner's pocket), and any option could come from either company, but more likely MNKD, as that's where the bigger potential for a quick, multiple return would be. The parties could come up with a way to value the deal and the fee would be based on a percentage of that (I would think less than 3-5%), or the fee could be based on cash in the deal to MNKD only. Gosh, if it's not obvious by now I have no idea...
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Post by krj00 on Dec 19, 2013 21:17:33 GMT -5
All worthy thoughts AFAIC In terms of Greenhill, does a blockbuster deal between Mnkd & a BIG Name Pharma move Greenhills share price?
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Post by harshal1981 on Feb 20, 2014 14:01:38 GMT -5
And now they have Forest Labs deal to their credit.
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Post by alcc on Feb 20, 2014 21:03:31 GMT -5
Probably a combination of cash and maybe options or warrants; the cash would come from the buyer, would be my guess (of course, it's kind of all the same pot, but I think, technically, the fee comes out of partner's pocket), and any option could come from either company, but more likely MNKD, as that's where the bigger potential for a quick, multiple return would be. The parties could come up with a way to value the deal and the fee would be based on a percentage of that (I would think less than 3-5%), or the fee could be based on cash in the deal to MNKD only. Gosh, if it's not obvious by now I have no idea... Greenhill is working for MNKD, so technically MNKD pays. The fee is negotiated and typically on a sliding scale, most likely covers all possible scenarios, from royalty-based partnership to partial equity investment to full takeout. Typically would not include options/warrants; all cash.
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Post by mannmade on Feb 21, 2014 10:25:56 GMT -5
Also let's not forget that Greenhill is being paid for success only. I confirmed this with Matt when the deal was first announced. So you have to ask why Greenhill would be involved if not confident of success.
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Post by alcc on Feb 22, 2014 16:43:48 GMT -5
Correct. They have to invest time and money and most importantly their credibility in the industry. No guarantees, but they have done some degree of dd.
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