XOMA. Bull or Bear? Message Board

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Biotech / Medical : XOMA. Bull or Bear?

XOMA 31.80

-0.1%

Nov 21 9:30 AM EST

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To: Robert K. who wrote (7059)	8/28/1998 8:52:00 PM
From: aknahow	Read Replies (2) of 17367

Bob, yes it appears it was a false alarm. XOMA had some initial discussions with the McKinsey Partners and I am hearing that the "Partners" on their own began the survey. Do I have 100% confidence in this story? No! How dumb, if XOMA hired them to find out things from shareholders they already know. I am glad however it does not represent an attempt to buy the company on the cheap. BTW I do not agree that a buyout would be costly. I think it would be at a price bearing a relationship to current market prices. While a 40% premium is normal even assuming 100% means a takeover close to $4. The poison pill defenses don't work that well as boards fear suits and if the offer is fair, and %0% above market seams fair to many a judge, how does a board reject the offer? If they do reject it they can be sued by those buying in at the current market so the defense crumbles. IMO.

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