bucky89, thanks for the show update. Obviously, some very interesting tidbits in your post.
But, IHMO LU's recent actions, speak louder than the words of analysts who would obviously have a major financial interest in such a deal.
There just isn't any plausible explanation for why LU would spend $1.4B, and develop some products, which compete directly with a company that you supposedly covet.
LU likely made their bid for ASND late last year (maybe $30-35 per share), were rebuffed, and then went on with life.
Of course, hindsight is 20-20, but ASND should have taken that deal at any price. An LU/ASND team, having operated together for the past six months, would have been a true CSCO headache, and LU might even be higher than they are now. But now, that deal is too expensive. $10B-12B (or higher) to buy ASND in Oct., plus another couple billion to write off in-process R&D for all those overlapping efforts.
Gary |
