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How Human Genome calculates bigger takeout price than GSK's $13 offer
Taking heart in darapladib
By Stacy Lawrence
Senior Writer
Published on
Monday, June 25, 2012
Investors may be losing faith that Human
Genome Sciences Inc. can get more from an acquirer than the $13 per
share offer on the table from partner GlaxoSmithKline
plc.
HGS shares rose to $14.70 in
mid-May, a month after GSK's $2.6 billion bid. By mid-June, when the biotech
was wrapping up a strategic review process in which it evaluated takeover
offers, the stock went as low as $13.10. Last week, HGS closed down $0.16 to
$13.35.
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