GREY:NOVUF - Post by User
Comment by
kutraon Jan 15, 2013 6:55pm
262 Views
Post# 20842445
RE: RE: 1.12 halt tomorrow
RE: RE: 1.12 halt tomorrow I don't think NVS has a schedule. They are letting the brokers handle the process so NVS can focus on operations. The brokers may have a schedule but their instructions are to get the best deal not get a deal next week. With the Christmas break I would not be surprised to see the bidding process stay open for 45 or 60 days.
If they (the special committee) get an acceptable offer then we should hear something as that would be a material change. Then they would negotiate the details and conduct due diligence.