Okay so everyone (longs and shorts) have come to the realization there was an offer ( via bloomgburg), and yes it sounds like it was a while ago (month), so lets ponder on what is happening, Baxalta offered somewhere between 2 and 2.5 bills equaling 11-12 a share. Buisness 101 never take first offer unless: 1 you need the cash, 2 time is not on your side, which Ariad HAS for the time being, Lets move on to ethics 101, someone has leaked this info due to 1 of two things: again cash and time, in which Baxalta is running out of time while shire is trying a hostile takeover. Next lets move on to economics 101," do you have something I need or has value? Lets market it and sell it " if you don't have something with value or what people need you will NOT GET ANY BIDS!!!! If you are getting bids there is a squabble timeframe where you have time to think what its worth to you and what its worth to them. Here is my point an offer was made, it was to low for Denner, but we have time with another drug going through phase trials, Baxalta as a company is still wet behind the ears and already getting looked at hard by shire, if they want to keep their company in tact they need to hurry, and come back with their second offer (which probably happened Friday)...squabble period want to short????