Ariad Pharmaceuticals Inc fka ARIA

[micanwait]

Ocean of cash may be on its way.

If you followed the PFE failed attempt to buy AstraZeneca you realize that PFE's primary motivation was to relocate to England and use its accumulated European cash. Repatriation of that cash is impractical because of a 35% US tax.

Now Rand Paul and his soulmate, Harry Reid, are hammering out a three year tax holiday that would enable companies like PFE to repatriate the money for just a 10% tax. US companies have $2.1 trillion idle funds overseas.

http://www.cnbc.com/id/101747414

So PFE and other big US pharmas may soon be wallowing in cash that could stimulate a buyout mania.... a sweet-spot for companies like Ariad.