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SEPR news, 2 reports on Bloomberg. At least the buyer verifies rumor.
Dainippon Sumitomo Says Close to Agreement to Buy U.S. Company
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By Kanoko Matsuyama
Sept. 3 (Bloomberg) -- Dainippon Sumitomo Pharma Co. said it is close to an agreement to acquire a U.S. company. The Japanese drugmaker plans to make an announcement today, said Nobuo Takeda, a company spokesman.
To contact the reporter on this story: Kanoko Matsuyama in Tokyo at kmatsuyama2@bloomberg.net
Dainippon Sumitomo Rises on Report It Plans to Buy Sepracor
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By Tom Randall and Kanoko Matsuyama
Sept. 3 (Bloomberg) -- Dainippon Sumitomo Pharma Co. rose to the highest in almost 22 months in Tokyo trading after the Nikkei English News reported the company plans to buy Sepracor Inc. for 250 billion yen ($2.7 billion) to expand into the U.S.
Dainippon Sumitomo gained 5.4 percent to 1,068 yen as of 9:20 a.m. on the Tokyo Stock Exchange, the highest since Nov. 6, 2007. The benchmark Nikkei 225 Stock Average dropped 0.5 percent.
The purchase would allow the Osaka-based company to gain Sepracor’s experimental drugs and a U.S. sales force of 1,000, the Nikkei reported today. Dainippon Sumitomo, which plans to submit its experimental schizophrenia drug, Lurasidone, for U.S. regulatory approval in 2010, declined in a statement to comment on the report.
“This is a good match,” Yasuhiro Nakazawa, an analyst at Mitsubishi UFJ Securities Co. in Tokyo, said by telephone. “Sepracor is strong in the areas of sleep disorders and respiratory ailments, which are Dainippon Sumitomo’s focus.”
Marlborough, Massachusetts-based Sepracor jumped 26 percent, the most in more than five years, to $22.80 in Nasdaq Stock Market composite trading before trading was halted.
The reported purchase would follow last year’s Japanese takeovers of U.S. pharmaceutical companies including Takeda Pharmaceutical Co.’s acquisition of Millennium Pharmaceuticals for $8.9 billion and Eisai Co.’s purchase of MGI Pharma Inc. for $3.9 billion.
To contact the reporters on this story: Tom Randall in New York at trandall6@bloomberg.net; Kanoko Matsuyama in Tokyo at kmatsuyama2@bloomberg.net.
Last Updated: September 2, 2009 20:36 EDT
SEPR +4.77 Finally AH closed. Burned into my eyeballs after 5 hours waiting for it to freakn move. AAAARGH
Rule 1: Don't be the tallest thing around
Rule 2: Don't stand next to the tallest thing around (trees).
after that I can't help you
been there done that. Dropped my putter on the green and hauled ass. 5 minutes later still afraid to go get my putter.
YEAH!! 100 yards. Did your hair stand up just before it hit. That's a real rush when you get the Flash and the Boom all in a second. LOL
GM Cheeso - I win - roulette LOL
http://investorshub.advfn.com/boards/replies.aspx?msg=40825107
Ya know, I just realized I shouldn't be hanging out with you poor folks. I should be hangin' with the crowd that's clicking on the link in this ad that says send me info.
http://www.gulfstream.com/itstime/index.cfm?utm_source=bloomberg&utm_medium=banner&utm_term=level1&utm_content=confidence&utm_campaign=itstime
I'm sure that there are plenty of small reits that have been waiting for an opportunity like this. During the S&L debacle, they swooped down on Houston and bought up thousands of houses at 1/2 price. The areas that have taken the worse beatings are the current targets.
All those people that are losing their houses will become renters and eventually buyers again.
I bet Fas gaps up in PM. LOL
Black or Red, Roulette
We have a local radio call in show called Technology Bytes. The guys are IT whizzes. When I mentioned day trading, they went off the deep end.LOL
"man, those day traders are the worst. HURRY UP!! HURRY UP!! YOUR COSTING ME MONEY, DAMMIT!!! CANT'T YOU GET IT WORKING NOW!! DAMMIT!!! DAMMIT!!! DAMMIT!!!!HURRY UP!!!!"
LOL
Cool, I have a pornographic memory myself.
MISSION ACCOMPLISHED !!!!
look out beloooooow
Happy Saturday Yakster
Siri's filling that gap from this morning, nice dip see where she settles.
look at the recovery play on sco from 10:35 -10:46. Might be a good play to double exit your short too?
GM guys
I got some SKF'er yesterday instead. It's enough like playing with fire. Faz/Fas like playing with fire AND gasoline.
Just ran across this on another site and it struck a chord.
“Then you will see the rise of the double standard—the men who live by force, yet count on those who live by trade to create the value of their looted money—the men who are the hitchhikers of virtue. In a moral society, these are the criminals, and the statutes are written to protect you against them. But when a society establishes criminals-by-right and looters-by-law—men who use force to seize the wealth of DISARMED victims—then money becomes its creators’ avenger. Such looters believe it safe to rob defenseless men, once they’ve passed a law to disarm them. But their loot becomes the magnet for other looters, who get it from them as they got it. Then the race goes, not to the ablest at production, but to those most ruthless at brutality. When force is the standard, the murderer wins over the pickpocket. And then that society vanishes, in a spread of ruins and slaughter.
“Do you wish to know whether that day is coming? Watch money. Money is the barometer of a society’s virtue. When you see that trading is done, not by consent, but by compulsion— when you see that in order to produce, you need to obtain permission from men who produce nothing—when you see that money is flowing to those who deal, not in goods, but in favors—when you see that men get richer by graft and by pull than by work, and your laws don’t protect you against them, but protect them against you—when you see corruption being rewarded and honesty becoming a self-sacrifice—you may know that your society is doomed. Money is so noble a medium that it does not compete with guns and it does not make terms with brutality. It will not permit a country to survive as half-property, half-loot.
“Whenever destroyers appear among men, they start by destroying money, for money is men’s protection and the base of a moral existence. Destroyers seize gold and leave to its owners a counterfeit pile of paper. This kills all objective standards and delivers men into the arbitrary power of an arbitrary setter of values. Gold was an objective value, an equivalent of wealth produced. Paper is a mortgage on wealth that does not exist, backed by a gun aimed at those who are expected to produce it. Paper is a check drawn by legal looters upon an account which is not theirs: upon the virtue of the victims. Watch for the day when it becomes, marked: ‘Account overdrawn.’
“When you have made evil the means of survival, do not expect men to remain good. Do not expect them to stay moral and lose their lives for the purpose of becoming the fodder of the immoral. Do not expect them to produce, when production is punished and looting rewarded.
Ayn Rand - Atlas Shrugged – 1957
I've got some Dug, oil heading down + market tankage
shit, ding each card for .99 and no one takes the time to look into it.
Talk about feeling handicapped. Limited to 3 day trades in 5 days is bullshit. Stuck trying to leave enough room to not get stopped out and not wanting to lose your ass if it decides to keep going down.
It would be a lot easier and more profitable to set tighter stops and just buy it back cheaper.
Then in the rollover got 200 shares that I just have to sit on for 2 days before I can sell. That will probably work out better, but who knows.
They just don't want the smaller traders to be able to make money on their own.
Like a god damn big red lizard candle sticks it's tongue way down and grabs $300 and a day trade from me. Aaaargh
Did you buy my 300 shares on that dip???
Damn. I shouldn't have told everybody where my stop was. Came down .63 and nailed me on the head, took my shares and now back up .55 AAAAAAARGH
Shit!!! Oh well still got a couple hundred swinging
Bumped my stop up to 20.97. Glad I set low stops today, she's made some pretty big dips.
RST, good call this morning, Yak. In at 20.53
ah, about the same
Not such good business lately. Ever since Katrina, insurance companies are a nightmare to deal with. After Ike, I know many contractors that bid on jobs and the insurance cos. only want to pay about 1/2 the estimate. The guys that started jobs before ins. approval are screwed and homeowners without deep pockets are foooked.
They expected it to be better than TV? LOL
So you think they could slow the fall but probably not create a bounce?
GM. How would you use it? Expect a big gap down when reopens or stabilizes?
Hey, that 's a heck of deal. 4500 names for $4.5 billion in bailout bucks
great video
Since the S & L crisis was 20 years ago, most folks under 40 can't really appreciate the impact it had on our country.
IndyMac alone, was a bigger failure than all of the S & L losses combined. There's a couple of bigger bags of shit that are yet to hit the proverbial fan.
Turned out to be a good day for me. Sitting on the Skfer and SRS overnight. Got home at 3:30 am and did not want to drag my ass out of bed at 7:30 to check on those suckers. Got stopped out green at 10:30 and went back to bed. :)
http://www.wunderground.com/blog/JeffMasters/show.html
This is an awesome site. Enter your zip at the top for local weather, radar, storms and lightning.
Over on the right of this page are some of Jeff Masters Blogs. He has an incredible story about crewing on a hurricane hunter that flew into the eye of Hugo. Just reading it will keep you on the edge of your seat.
The guy knows his hurricanes.
Also check out the wunder maps that forcasts storm tracks.
My cousin who has passed away, was one of the original DEA agents when it was formed. He worked undercover and use to tell me some wild stories. He use to have a VIP card to Rick's. When the "Bad guys" as he called them, were in town, he'd check out a seized Ferrari from the motor pool and $100,000 in seized cash. Let's just say that he knew how to entertain.
I have faith in the Yak - 1004.21
That's correct. I reran the calculations also. Fas has pretty much had a steady run up. 10% moves on the higher value stock make for bigger dollar value moves on a price per share basis.10% on the lower value moves less.
So if one keeps going up at a steady pace, it will accelerate up while the lower value will decelerate. Where as now 10% on Faz is $3 and Fas is $7. Decay will happen much more rapidly when Fas starts dropping. So theoretically, given enough time, they will both be at $5 again. The question is, how much time?
Sub is correct, the theoretical position is short both Fas and Faz.
Yesterday, overall position was down 18%, today improved to only down 11%. Huge improvement, decay is dependant on both etf's moving up AND down.
I'm sorry, did you say bondage than sleep ?
Well, I ran some scenarios and it looks pretty risky. If I reverse their performance every 2 months: 1 up 89% and 1 down 52%, the second cycle your ahead 54,000 but the 3rd cycle your down 164,000 (better than 180k but still a big hole)
3rd cycle up 70k, 4th down 143k, 5th up 86k, 6th down 124k
That's a whole year. So in a year at this pace, you could be up or down roughly 8-12% of your initial 1 mil.
But if Faz runs up to $200 a share like it did last year,it would really accelerate the decay.