Almost $10 billion for a company that is generating losses and bleeding cash. AMGN will then have to stop its buyback and will face earnings dilution. A value destroyer for sure, sending its stock to $90.
haaaa it would be disastrous if they didn't putz
Thats what they said about Imnuniex until Embrel allow Amgen to give a dividend? We need a bigger pipeline and this would prove to be a great buy!