1. The SGP takeover of Organon could be the reason for the strength in COR’s share price on Thursday and Friday. Organon is a COR licensee.
2. The PR says the deal is expected to close by the end of 2007, but it could be much sooner than that because I do not foresee any significant pushback from the regulators. No shareholder vote is required by either company, so this deal could conceivably close as soon as mid-summer.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.