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Biotech / Medical : Biotech & Pharma.T.A, -- Ignore unavailable to you. Want to Upgrade?

To: Jibacoa who wrote (2964)	9/8/2010 11:39:17 AM
From: Jibacoa	Respond to of 3722

ZGEN made it to the $9 TT and more, after announcing yesterday that it had agreed to be acquired by BMY for $9.75 <g> The transaction, with an all cash deal of approximately $885M has been unanimously approved by the BOD of both companies. The stock opened today with a huge UG, up 84.34% on volume of >57M or about 114x its ADV <G> bigcharts.marketwatch.com BMY stock is also moving up some after the announcement and there are already a couple of law firms looking into the agreement.<g> The announcement was made at the end of a down market day. Although ZGEN had almost $2.40 in Csh/shr, the stock was not completely off from its longer term DT, it had resistance at the $10 level before it could get to the more important at the $15 level. <g> bigcharts.marketwatch.com Bernard