By Nigam Arora
NVO, the maker of weight loss drug Wegovy, is buying AKRO. The deal is for $60 per share. The deal consists of $54 per share in cash to be paid on closing and $6 per share in cash upon U.S. regulatory approval of efruxifermin drug cirrhosis.
What To Do Now
The stock is trading at $55.25 as of this writing in the premarket. The contingent value rights (CVR) are likely to be illiquid and not traded. Those deciding to hold have a good probability of ultimately receiving $6 per share in share for CVR. To hold or to take profits now is a matter of personal preference.
To date, 213 Arora Portfolio companies have been bought out, producing a fortune for members who routinely invest in buyout targets.
Signal Limited is a Signal(s) with a great record in similar situations but does not meet all of the stringent criteria for a Signal. Typically Signal Limited has higher risk-reward compared to a Signal over the short term.
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This post was just published on ZYX Buy Change Alert.
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Nigam Arora
Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing.
