Oct. 14 at 9:02 PM
$ATXS ATXS shareholders will get
$8.55 plus 0.59 shares of
$BCRX for each share held. The buyout valuation of
$13 is based on BCRX's 20-day VWAP as of Oct 8 (
$7.54).
$8.55 + (0.59 *
$7.54) =
$12.9986
With BCRX's closing at
$6.42 today, that would put a value of
$12.3378 for each ATXS share if the merger were to close today.
$8.55 + (0.59 *
$6.42) =
$12.3378
The buyout currently represents a 6.27% premium to ATXS's closing price of
$11.61. Will be interesting to see how BCRX's price fares until this transaction closes.
