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Strategies & Market Trends : Picks of the quarter -- Ignore unavailable to you. Want to Upgrade?


To: Elroy who wrote (12414)1/5/2012 11:24:14 PM
From: Cogito  Respond to of 20435
 
>>Hold on there, the fat lady hasn't sung yet....<<

Hey, I said it was early.

You want to cover the action for anybody who wants to bet against him?



To: Elroy who wrote (12414)1/8/2012 12:12:51 AM
From: Sr K  Respond to of 20435
 
Look what can happen in 1 day.

DEALS & DEAL MAKERS | JANUARY 8, 2012
Bristol-Myers to Buy Inhibitex for $2.5 Billion

By JONATHAN D. ROCKOFF, ANUPREETA DAS and GINA CHON

Drug maker Bristol-Myers Squibb Co. said it is buying hepatitis C drug developer Inhibitex Inc. for about $2.5 billion, marking the latest deal in the growing business of treating the potentially fatal virus.

The all-cash deal for $26 a share would pay Inhibitex a whopping 163% premium to its Friday closing price.

Inhibitex makes drugs for infectious diseases, including bacterial and viral infections such as shingles and chronic hepatitis C. Shares of Inhibitex closed Friday at $9.87 a share, giving the company a market capitalization of roughly $773 million.