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Biotech / Medical : Biotech Valuation -- Ignore unavailable to you. Want to Upgrade?


To: Ian@SI who wrote (26544)4/6/2008 12:47:59 AM
From: Robohogs  Read Replies (1) | Respond to of 52153
 
Ian,

Careful there as the smartest arbs in the world are playing there. CCU had similar statements before it fell apart and the banks thought they were getting close. That being said, they were trying to change key terms and the commitments were signed 18 months ago. I sold some 22.50 May puts there a few days back as I think a realistic trading price ex a deal in CCU is 24-25.

Jon