I bought BMRN in 2002 - its had buyout news for the past eight years.
I will believe it when the money hits my account.
As for insurance companies - I think their in house attitude is "we take care of you till you need us"
Before it started on Medicare I had a long standing policy for about forty years and paid all premiums on time and finally had a significant procedure done and they refused to pay even after I wrote and detailed response. Finally the doctor stepped up an got it approved with a fight as well.
Now that I am on Medicare the folks at AARP represent me as us seniors hold a lot of voting power.
Everyone hates Obama care but it has saved sick people who would not get health insurance at a reasonable cost.
Think that the closing will happen by this Friday July 1 - and the dividend will be prorated as explained by the company in an earlier email.
So take your money and find something else to buy in this choppy market.
Am a long time owner and bought a bunch more shares after the takeover announcement and picked up the dividend for maybe a year plus a $2 per share gain - all in my IRA. - so a win win investment for a change.
Too bad these guys cant treat these option trades as carried interest. Then they would have something to smile about.
At least us peasants are receiving cash dividends.
Surprising that these guys don't take they after tax monies and hold onto GILD. Maybe they know something we don't know. Please tell us oh mighty ones.
I have made much more on my utility stocks in the past year than on GILD.
Do like the GILD dividend that is coming up at end of June.
Owned there shares in IRA account for years and when DUK announcement came out started loading up on more shares@ 57 1/2 to get the eventual gain and over a 2% dividend while waiting. Suppose other buyers buying over $60 to get the 2.3% dividend till closing date.
I hope the deal goes thru.
I just saw it on the replay. Too good to be true but the guys on the show said gild may be involved in a Zita virus.
This gives me a reason to be up bright and early tomorrow besides watching for a Monsanto offer.
The only folk who really know the buyout price are the lawyers on both sides of the transaction.
And they are not supposed to buy the stock during the buy out discussions.