BioRocks and Fan....With Denner's connections and M&A networking/experience, one can only deduct that at least conversations are taking place especially given the recent press about Ariad re: hedge fund activity/interest along with being ripe for M&A.
Also, the fact that Ariad is the number one holding in the Sarissa Hedge Fund portfolio gives further credence to the fact that he is conducting phone calls and perhaps meeting with BP's interested in doing a legitimate deal. In the deal making business, it never hurts to at least talk about it.
I would think that Denner has put a "number" out there (probably on the high side) to set the parameters which would be of interest to him. I guarantee you that number is NOT around where we are now with the pps.
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