Is there a chance that PFE will take out NBIX, or is the valuation too high ?
BOSTON, March 7 (Reuters) - Pfizer Inc. (PFE.N: Quote, Profile, Research) Vice Chairman David Shedlarz on Tuesday said the drugmaker was targeting acquisitions between $1 billion and $4 billion.http://today.reuters.com/investing/FinanceArticle.aspx?type=mergersNews&storyID=2006-03-07T190003Z_01_N07391672_RTRIDST_0_HEALTH-PFIZER-UPDATE-1.XML
I see NBIX as a "takeunder"
I don't think it's close to "too high" but rather PFE is just very cautious right now. They surely have the cash.