Takeover Mania is Coming!!! Message Board

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Biotech / Medical : Takeover Mania is Coming!!!

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From: DewDiligence_on_SI	7/22/2005 12:32:33 PM
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The circumstantial evidence for IMCL: 1. On 6/21/05, IMCL released an unusual Form-8K altering the corporate bylaws to appoint a Vice-Chairman of the BOD—a position they hadn’t previously deemed necessary: biz.yahoo.com I commented on the unusual Form-8K thusly: tinyurl.com 2. Last Friday, IMCL released an even more bizarre Form-8K disclosing the hiring of an officer to direct “Management information services” (http://www.investorshub.com/boards/read_msg.asp?message_id=7008192 ). The gentleman hired received an unconscionable number of options via a Nasdaq loophole and bears the same name of a known white-collar criminal. (The company insists it is not the same person, but they notably have not denied that the two individuals could somehow be related.) 3. Big Pharma has a Titanic-sized boatload of repatriated foreign earnings to put to use during 2005. SGP in particular has boasted of moving into the top ranks of biopharmaceutical companies (http://biz.yahoo.com/prnews/050503/nytu180.html?.v=9 –scan down to Hassan’s quote)—something they can achieve only through one or more acquisitions. 4. For added spice, Carl Icahn asked for—and received—Hart-Scott-Rodino clearance to buy up to $500M of IMCL stock.

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