Apr. 24 at 4:59 PM
$ASBP ASBP, a small company, is trying to buy another company for
$30 million.
This is a lot of money for a company that’s only worth about
$5 million. They’ve already filed a document with the Securities and Exchange Commission (SEC) and a non-binding agreement with the other company.
They also have a 30-day no-shop period and
$3.5 million break-up fees. This shows that both sides are serious about the deal.
A lender has also given them a commitment letter for the loan, but it’s not final yet. If the deal goes through, the difference in value between the two companies could make a lot of money for ASBP.
But if the deal doesn’t go through, the stock price could go down.