May. 13 at 1:04 PM
$ESPR ARCHIMED take-private (May 1) — big bank analyst reactions:
*2/5 top analysts commented & adjusted:
• Dennis Ding (Jefferies): Downgraded Buy→Hold, PT to
$3.28 (from
$5). “Good outcome” but no upside left beyond
$3.16 offer due to coming competition.
• Kristen Kluska (Cantor): Downgraded to Neutral, PT
$3.16. Deal “appears low” vs ~
$1.5B peak sales potential.
*Other 3 silent:
Zemansky (BofA),
Choi (GS),
Fye (JPM).
Stock ~
$3.16 + CVR. Close Q3 expected.
Why no auction process? Why this single covert PE deal? Shareholders deserve full transparency on the rushed process.