Dear John - actually, noone really knows if LU has made an overture to BAY or not. Beyond that, I don't know enough about the M&A regulations under the cirumstance to know if LU can or cannot make an offer now but close after the restriction is expired. My guess is that LU could send a letter of intent type of thing. But really, too many shareholders of suffering dogs [not restricted to BAY] have rescue fantasy. Personally, echoing Paul's sentiment, I don't particularly desire LU's rescue, unless it is a super deal. Then, if it is a super deal, I m not particular choosy. I mean, if IBM, CPQ, INTC or even CSCO wants to takeOVER BAY, I can go for that - just give me $80/shr <VBG>!
rgds Bosco |
