CXS
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0.00% 70.0¢ chemgenex pharmaceuticals ltd

cephalon takeover, page-25

  1. hazchem68
    550 Posts.
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    29/03/11
    15:50
    Post #: 8181764
    Not necessarily, they have less than 30%.

    If there is a superior bid by another bidder then they can get the majority of shares.

    Also, why would CXS management state:

    ChemGenex Directors unanimously recommend the bid, in the absence of a superior offer?

    Are they leaving the door open? Appears like it to me.
    CXS Price at posting: 67.5¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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