Whose the rumor bidders other than PFE for AGN - could it be GILD?
Does GILD have the war chest cash like PFE has?
GILD stated they are out there looking over big fish, but most likely another company like BMY (bad choice) or BIIB.
Maybe that's why GILD now in the black and shorts have covered.
By end of year 12/31/15 GILD should be trading higher over 120 with no market pullback over 10%.
Last quarter "bad" earnings saw INT crash over $10 to low 30s (oversold).
Now we get the reverse situation and instead up a buck or two, $5 (if it holds).
Blame all this on the INT market maker dictating the situation.
INT makes money on the spread of oil-related products regardless if oil depressed.
INT should see over $50 if another good quarter and no market correction.
AGN/PFE now trading after the confirmation rumors a reality.
AGN price will go up/down when PFE comes out with how much they will pay.
Likely combination stock/cash instead of all cash.
AGN closed at 287 and a bad deal would be just a 10% premium ( current trading) instead of 15% to 20% higher at 330-340 until it is finalized.
no logic both not traded yet.
However, news says it is "friendly" merger confirmation.
Therefore, its at what price PFE willing to pay - my guess stock and cash deal.
No low-ball offer; any other large company can make a better offer on the horizon - can't think of any.
Won't be VRX (lol)
june of what year - 2020 or further out?
If VRX goes too low, they will do a reverse stock split (lol)
PFE does last deal before he retires (he's 61).
AGN Saunder takes over (he 45).
What a way to sail off into the sunset.
PFE needed the right company to get bigger & AGN also have options open to acquire or be acquired.
Now to determine how much PFE will spend to buy - they will give fair price and won't low-ball.
Just in case some other company out there to outbid.
Good purchase for PFE - you will see tomorrow if PFE stock sees red or in the black (perception by wall st favor or hates the deal).
Good to dream 400 but unlikely.
Wait to see tomorrow how high AGN opens...more like 300-320 range.
Can AGN 52-week high be surpassed at 340?
This is the 2nd time PFE talked to AGN.
First time last 09/2014 didn't go anywhere...this time different just like TEVA talks to AGN.
VRX won't recover...its high stock price was used to buy other companies.
VRX now sitting at 52-week lows as it has to deal with allegations.
Old botox company AGN was bought by Actavis coming to the rescue against VRX.
Ackman made lots of money selling out via his hedge VRX but that was back then and situation has changed for the worse for VRX.
What goes around comes around as the saying goes.
PFE and AGN talks...GILD should consider a company like ABBV.
ABBV near its 52-week low of 52 but not a hostile offer and no low-ball.
Will be interesting to see how much AGN will rise: 5% to 10% or more will set the tone after Hillary's comment lead to the selloff (she has no chance to dictate outcome).
Just my 2 cents for GILD management not to sit on their laurels.
GILD should not wait too long for buying a mega company.
They could step in and see if AGN would be a good fit.
More than likely some company like BMY.
If GILD stock doesn't rise tomorrow, it is still in the doghouse and might be left behind.
It is a friendly deal not hostile and a merger of equals.
This guy tunafish been pounding AGN to always go lower.
Not this time.
If things go as planned, wonder if a AGN dividend sometime in 2016 as gravy.
Or maybe some other biopharma company wants a piece of the action of AGN (GILD comes to mind).
It pays to buy, buy more at lows, and pray for higher prices.
In reality you got to give credit to Brent Saunders running AGN.
Saunders always one step ahead of everybody - forward looking.
He had a good mentor...pays to follow potential situations in the making.
Probably AGN won't go over 340 unless wall street loves the combination...320 or about a 10% upside (at least).
Biotech/biophrama correction over except for VRX.
Best if a bidding or auction for HOT...it still trading significantly lower than 52-week high of 95.
HOT on a takeout auction should go 85-95...buyers always want low-ball price.
Will Chinese company make 85 or more for serious bid or just talk.
All shareholders get a vote;
Pretty sure it will go through and not blocked at this low-ball offer by FTC objections.
If you own a large percentage of shares, say 35% you could ask for a higher price.
WBA got it cheap with RAD earnings bad and at 52-week low.
RAD never recovered from its high in 1998 period (over 40)
Hepatitis sales can't grow to the sky forever...that's why GILD price didn't advance $5-$10 after eps but gave back some but not much.
Many forgot GILD rose from low 101 on ABBV negative news and held its gain.
On the more positive news with GILD look forward to newer FDA approval and how long it takes to buy a mega biophrama company. In 2016 GILD should be trading over 130 if no hiccups and bad reviews.
Stay the course.
FLR earnings come out tomorrow...will it hold the gains if eps off its target or news discounted looking forward.
Hope for better stock rise in 2016 since perception is oil price lower so does FLR.
Look to see if FLR can first reach 50, stay flat, then 60-80 on more positive news hard to come by lately.
I recall Barrons article mention if FLR share price goes flat to lower, its cash flow can result in going private at a low-ball price.
RAD traded near its 52-week low cause earnings fell short.
WBA came in at a low-ball offer.
RAD should play hard-ball and ask for more but caved in.
Lawsuits to follow but unlikely offer to be raised to $10.
GILD beat but after-hours share price went lower.
In a couple of weeks or less GILD over 115.
Time for those that bought expecting eps report to sell out.
appears the fish got short-changed...stop going down.
There were no news to explain AGN price going lower other than biophrama selloff now the bounce.
AGN will soon make news with either a major purchase or some company will make an offer for them.
Either way AGN headed higher and surpass its 52-week high in a couple of months.