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Biotech / Medical : Ligand (LGND) Breakout!
LGND 206.36+1.4%Nov 26 3:59 PM EST
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To: tonyt who wrote (27759)2/1/1999 11:10:00 PM
From: J Stone  Read Replies (1) of 32384
 
Tony,

Thanks for posting the TokyoMex message. Interesting that it did not boost the price at all considering last week's speculation as to price rise and volume. Even more interesting is the mention of a takeover. I was under the impression that with all their various partners etc that they would be a difficult target unless management was very willing.

Given that some of the internet companies are being acquired for 80%+ premiums, if the takeover play were to emerge, I would think such a premium would also be likely here. I doubt the scenario will arise, but it's interesting to consider.
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