Advanced Accelerator Applications (AAAP): Could there be a higher offer?

The rumour mill, just for a change, called it quite correctly, both in terms of the timeframe for a deal, and the price on AAAP. This means that those traders who a minded to follow idle, spurious, and non multi sourced and stacked up information, may have journeyed from the mid $60s to the low $80’s now.

That said, you did not have to have the brains of Bertrand Russell in recent to work out that something was going on here in the M&A sense. So one guesses a reasonable number of hedge funds and wealth “managers” may have been on the good ship AAAP.

On the face of it the Novartis offer which amounts to $82 per ADS is a little shy of the rumoured $85, and the structure could be argued by some to leave the door open to rivals of Novartis to consider their own offers. We shall see.

Zakmir.com is a purely journalistic website – Zak Mir is a member of the NUJ. There is no intention here of providing financial advice and absolutely no interest in speculating in the companies mentioned. It is  recommended you seek an independent professional opinion before deciding whether or not to take any action with regard to anything written here.

Author: Zak Mir

Financial commentator, interviewer, technical analyst

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