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Strategies & Market Trends : Speculating in Takeover Targets -- Ignore unavailable to you. Want to Upgrade?


To: richardred who wrote (2671)1/7/2011 11:09:22 AM
From: Grantcw  Respond to of 7243
 
Yeah, good point, there's definitely some risk here, as with any investment. Overall, I'm still comfortable as long as there are good call premiums to write against. The stock has rebounded today (which to me is less important), but there were positives and negatives in the PR including the fact that they already have enough inventory for the next 12 months and that some private insurers are accepting their drug.

We'll see how it all works out...

Thanks,

Grant



To: richardred who wrote (2671)1/19/2011 1:05:49 PM
From: richardred  Read Replies (1) | Respond to of 7243
 
FWIW-at face value

Savient "Open" to Takeover Approaches (SVNT)
By Benzinga Staff
January 19, 2011 12:35 PM
Symbols: SVNT
Posted in: News, Rumors
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Savient Pharma (NASDAQ: SVNT) is "open" to takeover approaches, according to recent chatter. The shares recently spiked to $11.27 on M&A rumors.

This article may include mentions of rumors, chatter, or unconfirmed information. Readers should beware that while unconfirmed information may be correlated with increased volatility in securities, price movements based on unofficial information may change quickly based on increased speculation, clarification, or release of official news.

Neither Benzinga nor its staff recommend that you buy, sell, or hold any security. We do not offer investment advice, personalized or otherwise. Benzinga recommends that you conduct your own due diligence and consult a certified financial professional for personalized advice about your financial situation.

Read more: benzinga.com