AMAG, an oldie you may have forgot about just got an offer $18, first offer. A baby being thrown out, at sub $16, in this fear driven market
I liked this: The hedge fund may increase its offer, which is contingent on reaching an agreement with Amag before Sept. 11, according to a letter sent to the drugmaker’s board. While MSMB Capital has enough cash to pay for the company, it also is seeking financing for the deal, Shkreli said. “MSMB is a long-term investor in Amag and believes that the management’s current strategy does not protect the interests of Amag’s stockholders or ensure Amag’s long-term viability,” the fund said in its statement.
Cash I don't trust any of those wall street people. This latest mini- bull market was made up to attract the little guy. Big point rises almost every day, when all along we've had the problems with Greece, Spain, Ireland etc. If you want security and the ability to afford health care you'll have to walk your own path and not listen to the GoldmanSach types. At least you can help in them not getting a new Mercedes every year. t