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Strategies & Market Trends : Speculating in Takeover Targets
ULBI 5.660+2.4%Dec 3 3:59 PM EST

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From: richardred11/20/2006 10:16:29 AM
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Movers today. AGN, MTR, but not forgotten.

>Last month, Botox maker Allergan Inc. (NYSE:AGN - News) offered $3.2 billion for Inamed Corp. (NasdaqNM:IMDC - News). This prompted statements from Inamed shareholder S.A.C. Capital Advisors and eventually forced Medicis Pharmaceutical Corp. (NYSE:MRX - News) to scrap its planned $2.5 billion deal to buy the company. Medicis itself is the target of an unsolicited bid from breast implant maker Mentor Corp. (NYSE:MNT - News).
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