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Posted On: 04/08/2018 10:40:21 AM
Post# of 72444
I like this part:
Buying a hampered stock has served him well in the past. Duggan was buying Pharmacyclics through decidedly grim times. Filings show that in 2008, he paid as little as $1.08 per share in a tender offer for 1.9 million shares. When the buyout offer arrived from Abbvie seven years later, it was a mix of cash and stock that valued each Pharmacyclics share at $261.25.
Hopefully all of us who purchased IPIX the past several years will be richly rewarded for buying during these grim times.
Buying a hampered stock has served him well in the past. Duggan was buying Pharmacyclics through decidedly grim times. Filings show that in 2008, he paid as little as $1.08 per share in a tender offer for 1.9 million shares. When the buyout offer arrived from Abbvie seven years later, it was a mix of cash and stock that valued each Pharmacyclics share at $261.25.
Hopefully all of us who purchased IPIX the past several years will be richly rewarded for buying during these grim times.
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The Ghost of Phteven. All posts my opinion and speculation only.
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