Orchard Therapeutics: Still An Attractive Merger Arbitrage Opportunity With A CVR [Seeking Alpha]
Orchard Therapeutics plc - American Depositary Shares (ORTX)
Last orchard therapeutics plc - american depositary shares earnings: 2/27 07:00 am
Check Earnings Report
Company Research
Source: Seeking Alpha
This appears rich but may actually undervalue the instrument that's likely to pay out within the year. This idea was discussed in more depth with members of my private investing community, Special Situation Report. Learn More » Kyowa Kirin Co. ( OTCPK:KYKOY ), a Japanese pharmaceutical giant with a market capitalization of $8.5 billion, has announced its acquisition of Orchard Therapeutics ( NASDAQ: ORTX ) at a price of $16 per share, supplemented by a contingent value right or CVR of up to $1. Orchard is trading slightly above the offered cash value at $16.44. With only a few days to go until this wraps up, Kyowa Kirin's acquisition of Orchard Therapeutics is still an attractive merger arbitrage opportunity for investors willing to deal with a CVR. The high expected odds of FDA approval (after EMA approval is already in the bag) are especially important. CVRs are quite common in biotech acquisitions. The total value of the deal, excluding the CVR, is approximately $350 million
Show less
Read more
Impact Snapshot
Event Time:
ORTX
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
ORTX alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
ORTX alerts
High impacting Orchard Therapeutics plc - American Depositary Shares news events
Weekly update
A roundup of the hottest topics