Apart from discovering that the deal is breakable (at a cost) should a counter bidder emerge, I have been wondering about Shire's finances. They had $1.127b of cash at 31st December 2006. They have just raised $800m and have negotiated a bank facility of $2.3b. That adds up to $4.227b compared to the acquisition cost of $2.6b. Interesting! Maybe they already know that this will be a contested bid.