$PTX BO in final stretch (translated) http://i
Post# of 22747
Posted On: 08/24/2016 7:06:08 PM
$PTX BO in final stretch (translated)
http://intereconomia.com/empresas/la-venta-pe...60824-2144
I translated it. Not perfect but better than Google Translate.
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The sale of Pernix Therapeutics in the final stretch
The sale of the pharmaceutical Pernix Therapeutics Holdings, process opened by the company itself several months ago, enters its final stretch with a valuation that could total 500 million dollars. Sources close to Perella Weinberg Partners, who's acting as financial adviser in the operation, have pointed out that this operation can be closed even before next Monday. But also said that, in recent days, new suitors have appeared, including several US and European major pharmaceutical companies.
Initially, the most likely buyer was Concordia Internacioanal, but the auction has been opened to new companies and different rumors are circulating in the American Nasdaq about who will be the final buyer.
Pernix Therapeutics Holdings, was founded in 1996 in Morristown, New Jersey. It wasn't until 2010 that they were licensed as a pharmaceutical company. They specialize in the development of generic drugs. Their annual revenues exceed $ 175 million dollars. Many experts believe in the great potential of this market by the proven efficiency and safety of their marketed drugs which ensures stable and predictable income over time.
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Notes from Intereconomia: It's a media company from Spain that specializes in economy and markets. They have several publications and several radio stations. So, for me, the article looks formal and not just news or rumors from an independent investor.
http://intereconomia.com/empresas/la-venta-pe...60824-2144
I translated it. Not perfect but better than Google Translate.
=================================================
The sale of Pernix Therapeutics in the final stretch
The sale of the pharmaceutical Pernix Therapeutics Holdings, process opened by the company itself several months ago, enters its final stretch with a valuation that could total 500 million dollars. Sources close to Perella Weinberg Partners, who's acting as financial adviser in the operation, have pointed out that this operation can be closed even before next Monday. But also said that, in recent days, new suitors have appeared, including several US and European major pharmaceutical companies.
Initially, the most likely buyer was Concordia Internacioanal, but the auction has been opened to new companies and different rumors are circulating in the American Nasdaq about who will be the final buyer.
Pernix Therapeutics Holdings, was founded in 1996 in Morristown, New Jersey. It wasn't until 2010 that they were licensed as a pharmaceutical company. They specialize in the development of generic drugs. Their annual revenues exceed $ 175 million dollars. Many experts believe in the great potential of this market by the proven efficiency and safety of their marketed drugs which ensures stable and predictable income over time.
=================================================
Notes from Intereconomia: It's a media company from Spain that specializes in economy and markets. They have several publications and several radio stations. So, for me, the article looks formal and not just news or rumors from an independent investor.
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IMHO
Always, always do you own DD. Only invest funds you can afford to lose and trust nobody but yourself.
Always, always do you own DD. Only invest funds you can afford to lose and trust nobody but yourself.
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