Saturday, April 25, 2015 9:46:01 AM
MYL management will have to decide just how badly they want to stay in control. The drop in PRGO stock Friday, suggests that MYL will need to raise the offer again if they want the PRGO-poison-pill (PPP) approach to work. PPP seems the only sure way to defeat TEVA.
Absent PPP, or regulatory blockage, a sweetened TEVA offer of say $90 will win over enough shareholders for TEVA to win.
Fun watching corporations play chicken.
zip
Net combo long MYL and PRGO worked well Friday, closed MYL and holding PRGO at loss.
Absent PPP, or regulatory blockage, a sweetened TEVA offer of say $90 will win over enough shareholders for TEVA to win.
Fun watching corporations play chicken.
zip
Net combo long MYL and PRGO worked well Friday, closed MYL and holding PRGO at loss.
It is astonishing what foolish things one can temporarily believe if one thinks too long alone ... where it is often impossible to bring one's ideas to a conclusive test either formal or experimental. J.M. Keynes
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