Quote:
Originally Posted by HyperionGap
The current offer is 2.3 shares of Mylan stock (trading atm at $45.50) +$75 per prgo share. That's ~$180 per share.
The April offer was at $230 per share for prgo. I fail to see how prgo is worth 20% less today just because Mylan's stock has completely tanked.
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Well prgo went from 200 in April to 169 today that's a 15.5% decline on it's own, the company is worth less than when the orginal offer was made. You didn't answer what you though a fair valuation was or say anything to support why you think prgo is worth more.
You have to understand the difference in offers April to now as well. In April in launched a proposal to buy prego and after that didn't work it's going through a tender offer by which is it soliciting to buy shares from owners to try and gain 50% or more control. This isn't a negotiation between companies any more, why aren't they offering more? Because if they are successful in getting 50% they make the rules
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