Bid Rigidity And CVR UncertaintyLundbeck's decision not to raise its offer combined with doubts about CVR payouts reduces the likelihood of significant additional premium for shareholders.
Competitive Bidding DynamicsWith the competing proposals closely matched, a prolonged bidding contest appears unlikely, limiting the chance of a materially higher takeover price.
Regulatory And Shareholder Approval RiskThe proposed acquisition is contingent on shareholder approval and regulatory clearances, creating execution risk that could delay or prevent deal completion.