GREY:DGCRF - Post by User
Post by
RetailRubeon Jul 31, 2012 9:51am
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Post# 20168437
HOLX takeover of GPRO
HOLX takeover of GPRO Just a reminder that GPRO shareholder vote on acceptance of the HOLX takeover closes today. Assuming the takeover goes through, the combined entity would be free to engage in corporate acquisitions such as buying out CUR's right to a royalty stream. Or for simplicity, just buying CUR. There are those of you who debate whether GPRO was going to bother with an offer until they saw the success of the PCA3 test in the marketplace. But I think you will agree the HOLX pending takeover would have stalled any dealmaking by GPRO. It would have made it too messy for the lawyers and investment bankers to have two offer circulars on the table simultaneously.
I also wonder what the wholesale price for the PCA3 test will be in the US if the retail price is $1200 instead of $300. At $300, the wholesale price was $100 and CUR got a percentage of the $100. That left $200 for the lab to keep them interested. But at $1200, is it really necessary to have a $400 wholesale price (4x)? Maybe it could be $600 and still leave enough for the lab to be interested. This would help CUR.