Post by
askretka on May 09, 2021 6:31am
Just an example of a buyout.
. " NEW YORK (TheStreet) --Shares ofTobira Therapeutics(TBRA)are skyrocketing on heavy trading volume on Tuesday morning by over 700% to $39.24, after it was announced the clinical-stage biopharmaceutical company will be acquired byAllergan(AGN) in a deal valued at up to $1.7 billion." ---------------------------------- Jus putting this up as an example. ONC is still a spec buy but if a buyout happens you won't have time to react or buy shares. I'm in another promising small biotech with the same CEO as above buyout so just putting in as an example. Cheers!
Comment by
westcoast1000 on May 10, 2021 12:40pm
Good post. Thanks, askretka.
Comment by
fox7mf on May 10, 2021 2:03pm
Thx askretka, great post. I'm thinking Onc's buyout will come and it'll be 5 to 7 times the 1.7 billion Tobira received. My opinion.
Comment by
JohnnyYeg on May 10, 2021 7:06pm
I think that multiplier for BC alone!