Mario Gabelli Comments on Onyx Pharmaceuticals Inc.

Jan 03, 2014

Onyx Pharmaceuticals Inc. (4.2%) (ONXX - $124.67 - NASDAQ) (ONXX) is a San Francisco based biotechnology company engaged in the development of cancer related drugs. On August 25, 2013, Amgen Inc. announced a $125.00 cash tender offer for the shares of Onyx. The offer came at the end of negotiations, which began inÂ early June and were confirmed by the company on June 30. The tender, which commenced on September 3, is expected to close on October 1 of this year.

FromÂ Mario Gabelli'sÂ third quarter 2013 commentary.

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