RE:So if deal falls through Depends what road they take at this point. TRX/POZN can either:
1. Carry on with the merger and accept US tax rates. Kind of pointless, but maybe there are some ancillary benefits we don't see as laymen. The judgement might be made that the Deerfield injection is still worth it; however, I'd be even more pissed at Harris and Co for hooking us to the Yosprala cart AND increasing our tax rate for ... what's the deal at now? 75M? US? Great work guys.
2. Move the inversion to Canada. The tax rate is similar to Ireland's, so if the powers that be really wanted to move ahead with the merger, they'd have to change the location to Canada. Nowhere else would satisfy the US treasury rules. Deerfield might not be into this though.
3. Call the whole thing off. TRX would get a $3.5M USD payout (unless they mutually decided to call it off), upon which each company would go their merry way. We've already been tantrumed back down to a buck, so not sure I see too much more downside given the latest earnings, but then it's the Venture exchange, so anything is possible. If the merger was cancelled, I see TRX at 2 bucks by June, if the numbers hold.
I'm guessing the boys are working over the weekend. At least I'd hope so.