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DewDiligence

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DewDiligence

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Re: DewDiligence post# 123683

Wednesday, 08/17/2011 12:58:54 PM

Wednesday, August 17, 2011 12:58:54 PM

Post# of 251719
PLB.TO acquires DDS.TO for C$0.2857/sh in cash:

http://finance.yahoo.com/news/Labopharm-Inc-Enters-Into-iw-1757402947.html?x=0

This appears to be another case of trying to make an eagle out of two turkeys. I’ve previously commented on Labopharm’s pathetic drug portfolio (especially Oleptro), so I won’t repeat that info here. The buyout values DDS.TO (net of cash on hand) at about $15M and is a 68% premium to yesterday’s closing price.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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