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I couldn't resist picking some up today. In @5.88
nice work this week zigzag, thanks.
KV.A on watch
do they have an ETF for that one yet? ( :
Raw,
Remember this one from the RB days,
GNLB, Good riddance
GlaxoSmithKline Successfully Completes Tender Offer for Shares of Genelabs Technologies, Inc.
Wednesday January 7, 8:50 am ET
LONDON, Jan. 7 /PRNewswire-FirstCall/ -- GlaxoSmithKline plc (LSE/NYSE: GSK) announced today the successful completion of the tender offer by its wholly-owned subsidiary Gemstone Acquisition Corporation for shares of common stock of Genelabs Technologies, Inc. (Nasdaq: GNLB - News). The tender offer expired at 12:00 midnight, New York City time, on Tuesday, January 6, 2009.
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The depositary for the tender offer has advised GSK that shareholders of Genelabs have tendered and not withdrawn a total of approximately 39,250,243 shares of Genelabs common stock. These shares, together with the shares beneficially owned by GSK and its wholly-owned subsidiaries, represent approximately 88.55 percent of the outstanding shares of Genelabs on a fully diluted basis. Gemstone has accepted for payment all Genelabs shares tendered in the offer.
GSK also announced that Gemstone exercised its "top-up" option in accordance with the previously announced merger agreement with Genelabs. The exercise of the top-up option allowed Gemstone to increase its share ownership percentage of Genelabs through the purchase of newly-issued shares of Genelabs common stock at the tender offer price. As a result, Gemstone owns more than 90 percent of the outstanding shares of Genelabs common stock and intends to effect a short-form merger as promptly as practicable, without the need for a meeting of Genelabs shareholders. In the merger, Gemstone will acquire all other Genelabs shares (other than those as to which holders properly exercise dissenters' rights) at the same $1.30 per share price, without interest and less any required withholding taxes, that was paid in the tender offer. As a result of the merger, Genelabs will become a wholly-owned subsidiary of GSK and Genelabs shares will cease to be traded on The NASDAQ Capital Market.
Bingo! S H O R T
Same here, all cash right now
[Why doesn't every state have a law like this one?] Totally agree!!
KFN doesnt want to stop, sold 1$ ago,,, ##@$
looks tempting
I think so too. More of a swing for me.
Holding FEED for a bit,
Everyone! except the MM's that R short ( :
Welcome back Yakster!
Thanks, yes I did flip FED for a nice profit. Didnt catch FIG till 1.11. But was green for the day on BZH flip and sold DDSS which had their FDA approval today.
GREEN for the year too, cant believe it!
On to 2009!
I learned alot the last day of the trading year:
FIG took My FED profits,,, "What the FIG!"
DXO and I dont mix, I cant trade that one to save my life. (numerous times) "what the "D'fn O"
No clue what the next few weeks ane going to do!
Best of all: Happy to Year to Everyone and GLT
BZH Weeeee!
weeee, TY
FED is tempting me.
I did the same,,,grrr
KFN geez
I thank you both for that one, I pick some up at .6 and now holding some free. TY
lol, like KFN right ( :
BZH possible Squeeze play
Lot of buying this morning, selling may be over.
Oil futures on the rise +1.5
http://www.nymex.com/lsco_fut_cso.aspx
Israel attack = Oil +++
even though its the Gaza Strip, Iran could be next. jmo
Thanks Yak! Have fun!
Oil will PoP, but when?
Shorts covering again too ( :
weeeeeee
KFN~accumulation
These exec's have been sitting around their big desk drinking Gin and laughing at the middle class supporting their wealth!
Jokes on Us (:
looks like a reversal finally. ^^
Major buying today, MM's held it down. What gives?
My hair just fell out ( :
FAZ@58
Periscope up capt!
I get the feeling this will POP too.