Good post Sox. That appears to be a very good com
Post# of 72440
Posted On: 06/24/2016 12:16:12 PM
Good post Sox. That appears to be a very good company to compare the future of CTIX and K to.
For those who didn't read it, what stood out to me is that Sanofi has made a $9.3B buyout offer for the Medivation cancer drug which is on the market and making money, but the Medivation board says it is an undervalued bid and is not accepting it. So now Sanofi is using strong arm tactics to get the shareholders to force the Medivation board out in order to replace them with a group who will be pressured into taking the buyout offer. Hopefully the Medivation shareholders are loyal to their management team and will not bend to the will of BP.
I hate to say it but I am pretty sure Leo and company are going to face a similar situation in the next few years. K is going to continue to kick ass and get to market and big pharma are going to do everything in their power to buy it cheap from CTIX. I dont think that CTIX is going to get an initial honest buyout offer from any BP. They are going to have to fight and hold out until it becomes clear to the BPs that they will have to pay up for K. I would not be surprised if us loyal shareholders will have to make a stand alongside our management to keep the strong arm tactics at bay also.
For those who didn't read it, what stood out to me is that Sanofi has made a $9.3B buyout offer for the Medivation cancer drug which is on the market and making money, but the Medivation board says it is an undervalued bid and is not accepting it. So now Sanofi is using strong arm tactics to get the shareholders to force the Medivation board out in order to replace them with a group who will be pressured into taking the buyout offer. Hopefully the Medivation shareholders are loyal to their management team and will not bend to the will of BP.
I hate to say it but I am pretty sure Leo and company are going to face a similar situation in the next few years. K is going to continue to kick ass and get to market and big pharma are going to do everything in their power to buy it cheap from CTIX. I dont think that CTIX is going to get an initial honest buyout offer from any BP. They are going to have to fight and hold out until it becomes clear to the BPs that they will have to pay up for K. I would not be surprised if us loyal shareholders will have to make a stand alongside our management to keep the strong arm tactics at bay also.
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