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Biotech / Medical : Cadus Pharmaceutical Corp. (KDUS)
KDUS 1.6000.0%Jul 2 5:00 PM EST

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To: tuck who wrote (439)12/20/2000 12:59:11 PM
From: BulbaMan  Read Replies (3) of 1833
 
What would make sense for BMY is to approach Icahn and offer to sell their entire KDUS holdings all at once either to him or to Cadus itself. If Icahn said no to this offer, I'm sure they'd eventually find some hedge fund willing to buy all their shares at $1 each once the market stabilizes. Certainly BMY can wait as it doesn't need the cash. Also, imagine the bother it is to do all those SEC filings and then have itemize all the KDUS trades on BMY's tax return. Maybe I'm missing something, but I've been in the market for almost 50 years and I've rarely seen anything that appears as off-the-wall as what BMY is doing with its Cadus shares.
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