If a buy out of St. Jude is "in the works" then if I were A high level St. Jude Executive or shareholder I would be moving to a state where there is no sales tax to get the favorable tax treatment once the deal closes. Anybody know if any high executives have been moving lately to such states???
If you listen to some of the swami's on this board they will tell you it is Johnson and Johnson, and someone even mentioned General Electric. There have been rumors for years that J&J would buy out St. Jude, and they were even stronger after they lost Guidant to Boston Scientific. But, nothing happened. I would think that if someone was really serious about it they would have scooped them up a few months ago when the stock was trading in the low 30's. Why buy them now when they would have to offer an approximate 30% premium to the current price of the stock, roughly $55 a share, which would be an extra 3-5 billion higher than what they could have bought it for. But there are some ducks that have lined up that could signal a takeover, CEO Starks is starting to sell some of his stock, President of CRMD Mike Coyle has left, practically all of the other officers have dumped all of their stock, at one time they had a lot of cash on hand, little debt, and good products. A textbook example for a takeover but no one has shown up. At one time Siemens owned Pacesetter, Inc. which St. Jude bought. Perhaps it coul be Siemens again as they just purchased a medical company for 3 or 4 billion. Who knows, I think it is a crap shoot myself. Basically 50-50, somone might, someone might not. Perhaps one of the STJ message board Nostradamus's can provide some input with fact and not a bunch of trivial B.S., like one poster, yes St. Jude will be bought out by the end of June. Let's see if they can provide some substance to their hypothesis and not a bunch of fluff!!! Name your sources!!!