$ALXA 8K filed on the 29th Merger is looking positive! IMO "While Alexza and Ferrer are continuing and expect to continue to engage in discussions concerning a potential acquisition of all outstanding shares of Alexza’s common stock by Ferrer, on the basis of such discussions as have been conducted to date and Ferrer’s related due diligence, Alexza expects that any offer Ferrer may make in connection with a potential transaction will reflect lower amounts, for both the upfront payment and the payments under the contingent value rights, than those specified in the Letter of Intent, and that the triggering events in respect of the contingent value rights specified in the Letter of Intent will be adjusted.
As stated previously, the Letter of Intent does not constitute a binding agreement to consummate any transaction and it entitles Alexza and Ferrer to terminate discussions at any time in each’s sole discretion. There can be no assurance that any transaction will be agreed to or consummated. Alexza does not expect to further amend this Form 8-K concerning a potential transaction until such time, if any, as a definitive agreement is reached or discussions have terminated."