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Biotech / Medical : Crucell N.V. (CRXL)
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To: pgo-neil who wrote (549)9/28/2009 8:22:05 AM
From: nigel bates  Read Replies (2) of 560
 
>>seeing them only appreciate 4% in Amsterdam this morning seems a bit of a shortfall<<

Possibly because people think this might limit any takeout price, or defer it ?

From the PR:

...In connection with the equity investment, Crucell and JHC Nederland have entered into a shareholder agreement setting forth certain rights and restrictions of JHC Nederland as a shareholder, which includes a 3-year standstill requiring Crucell's consent for an increase of JHC Nederland's interest in Crucell (subject to customary exceptions), a 3-month lock-up on transfers of the shares (subject to customary exceptions) and certain other provisions. The shareholder agreement will be described in more detail in the prospectus which will be issued by Crucell in connection with the listing of the shares issued to JHC Nederland...
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