Does anyone have a thesis on why First Eagle would hold such an outsize stake in Curis (for such a long period of time)? Also, does anyone know when Fidelity established a major position in the stock?Thanks.
Justifies my concerns over a Merck buyout (which was dismissed by the board). Merck's management would be foolish not to make a move now, while OLED's share price is depressed. We'll never see $100/share ( well, I guess there could be a bidding war between Merck, DuPont, or whoever. Don't forget, Merck is in the process of acquiring Sigma-Aldrich for $17B. Sigma-Aldrich is one of the U.S.'s great companies, the worldwide leader in fine & specialty chemicals.
I realize that a buyout is probably not on most long's wish list, but this latest surprise has to have DuPont, PPG and Merck (German) crunching some numbers. An offer above $65 a share and it's game over. It would be a "steal."