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Assuming the buyout rumor is true, I surmise that the companies, along with their respective armies of attorneys, investment bankers and accountants, are putting the deal in final form. For example, price, structure, tax consequences, respective roles of managements, buy-outs, sales of unwanted sections of ASND, head-count, public relations, checking with existing client base, etc. This takes at least, a few days. I do believe that either LU or ASND did complain to CNBC about how "factual" the Maria B. report was. CNBC brass has probably informed the CNBC crew to tone down the story. Maria B. definitely didn't get in trouble for the story, since she was selected to introduce Mr. Robert Wright of GE (CNBC's parent), in connection with today's press conference announcing the partnership with Dow Jones. |
