SRX 2.33% 10.5¢ sierra rutile holdings limited

sirtex bid - us is paying peanuts

  1. 3,567 Posts.
    Taking a quick look at Cephalon, Sirtex and the potential for growth we see straight away that Cephalon is buying a bargain.

    CEPH is a USD2.8bn market cap company that's growing very fast. They certainly see the potential of SRX's future and are prepared to pay a whopping 2% premium to the share price. They are forced to use some wierd moving average comparrison to convice shareholders they're getting a good deal.

    What a joke.

    CEPH has USD490m in cash and USD145m in short term investments. Surely they could have made the bid a little more attractive by adding script.

    I don't own SRX but think Australia is losing out after putting years of hard work into the technology. Not even a fight.

    Another one bites the dust.

    Thanks very much
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