Hard to say how this plays out..
ith a $15 billion pricetag and escalating share value, however, Forest may have priced itself out of reach. Analysts estimate AstraZeneca could safely spend upwards $20 billion on acquisitions , but there are smaller deals in its scope such as buying out Bristol-Myers Squibb (NYSE: BMY ) from a joint diabetes venture for $4 billion to $6 billion.
The timing is questionable for Forest's significant efforts to raise share value. Either Forest is interested in a buyout and positioning for a steeper price that it thinks AstraZeneca can afford, or it is looking to remain independent and intentionally pricing itself out of reach.
Quite possibly the moves are simply political. Forest CEO Saunders is only a couple months into his new job and well-known investor Carl Icahn has had previous fights with former CEO Howard Solomon on taking a more activist stance in boosting stock price.
Buyout or not, Forest is clearly on the rise -- the question is if AstraZeneca will be the one to ride the trajectory in the future.
Going by the market cap. FRX would cost at least 13+ billion to purchase. Would you pay 13+ billion for products that total less than 1 Billion per year? Of course nothing is impossible but doesn't make sense to me. Now maybe if FRX buys someone else or gets more in the pipeline then I think maybe
No but "big pharms" don't typically buy companies whos entire portfolio produces less than 1Billion. They need/like BIG products, a 200Million dollar product for "big pharms" is not worth the trouble
Price is up and that is great but why would large pharms buy FRX?? They dont have 1 product that makes a billion and also all the products are partnerships not owned
New CEO has turned this previously dull company into a raging bull hitting new highs week after week. Looks like stock has enormous potential and could be a buy-out target for the larger pharms.
FRX a great stock, but has moved up too fast and probably a good time to take profits as FED policies could eventually result in a significant market correction.
HEY pdcflash u sure are some great investor ROTFLMAO wow hey maybe ur cmcj shares will be worth something. Call ianace up maybe he will buy them back from u lol. Maybe he has another venture for u LOL...
Seriously u are a danger to yourself. U are playing games u have no concept about. You are one heck of a pigeon, mark, stooge though I bet the penny stock scam guys would pay to have ur contact info...