Dear Gary - yes, from the perspective of the latest Q, AXNT (31c vs Zacks 23c) and RAPT (11c vs Zacks 11c) seem to give the former a stronger co as of the end of last Q; however, if one is to look at RAPT at the time of the merger annoucement, AXNT was not paying a premium for RAPT. Also, during that time, AXNT was showing a downtrend (stk wise) and RAPT was uptrend.
So, what does it mean? Well, imho, the past is moot. Presumbly, AXNT wanted RAPT b/c of the growth in the NT segment. For RAPT, maybe its officials could spin the notion of synergy and/or size. Ultimately, that is also moot. Afterall, as I ve said before, the merger is fairly much a sure thing. As a shr hldr of either co, I think it is more important to see where the merged co is going. Will it be able to fuse the 2 cultures with minimum amt of disruption? Will it be able to pare overheads quickly? Will it be able to cross-fertilize the two installed base?
Since both cos came out with good #s, hopefully, 1 + 1 > 2 <g>
rgds Bosco |
