I´m not complaining, but this sounds a tad lame... "we doubt investors have become incrementally more positive on the core business (which is performing well) or the possibility that the patent litigation will be resolved favorably for Jazz. We believe investors could be drawn to JAZZ shares and those of other Ireland-domiciled companies, given the potential that the companies could be useful vehicles for tax inversion."
An iconic brand, leveraging it´s rock-solid balancer sheet by taking on debt and buying back stock, with new products to be announced shortly, trading at half the market multiple... No, wait: That´s not genius, that´s common-sense value investing. Icahn´s true genius is in telling Wall Street traders they are stupid and have no idea how to value stocks. Go Carl!