Why Allergan released the news yesterday? Do they have to tell the public what they are doing?
Most of times we see takeover deal happened overnight. I wondered why Allergan, not Salix tell us the story?
1. Obviously, we know, if Allergan release the news to the public, the stock price will shoot higher. That will not good for Allergan's takeover action. Is Allergan stupid? What is about the stock went up $50 yesterday? Is that good for Allergan at all?
2.It is become suspicious the real goal for Allergan to make such announcement. Is it seriously talking between Allergan and SLXP? or it is just a threat to "another party" that: if you are not co-operate with me, I will chase SLXP?
3. Yesterday, SLXP received an early termination review from the government. SLXP will joint an Italian company to win tax benefit. If Allergan wants to take over SLXP now, obviously, it will stop SLXP move to overseas and stop the tax benefit. If Allergan take over SLXP after SLXP jointed the Italian company, then it is too rush to make a deal "in a month". If finally Allergan decide to buy Italian company and SLXP, then its goal to move overseas, and it is unlikely the US government would approve it.
So I think there will be NO DEAL with SLXP.
Great post. I guess not everyone is a blind retail long lemming on this board. SLXP at $160 was a huge sell and anyone naive enough to think not deserves what's coming tomorrow. Round-trip back to $130 is inevitable in the short-term.
Its obvious with your numerous posts , you are trying to cover yourself. This is not the time to sell out....If you were a true trader, and do your DD, check out the history , and upcoming deals that are in the works, you would see SLXP will blast past 200 !
Sentiment: Strong Buy