RE: Repost: 20 Sept 20161 May 2018 12:53
Fuzzbox -see below... The company below was acquired for a certain price per share. Therefore it was sold and shares stopped trading... However there were future payments... What I am asking (which no one seems to have the answer to) is how are future payments made?
Surely it must be based on those on the share register before shares get suspended/stop trading?
I will go with my own assumption for now..
DUBLIN and SAN FRANCISCO, Sept. 20, 2016 /PRNewswire/ -- Allergan plc (NYSE: AGN), a leading global pharmaceutical company, and Tobira Therapeutics, Inc. (NASDAQ: TBRA), a clinical-stage biopharmaceutical company focused on developing and commercializing therapies for non-alcoholic steatohepatitis (NASH) and other liver diseases, today announced that they have entered into a definitive agreement under which Allergan will acquire Tobira for an upfront payment of $28.35 per share, in cash, and up to $49.84 per share in Contingent Value Rights (CVRs) that may be payable based on the successful completion of certain development, regulatory and commercial milestones, for a total potential consideration of up to $1.695 billion. The Boards of Directors of both companies have unanimously approved the transaction.