Idenix Pharmaceuticals (IDIX)

[gofishmarko]

Thanks for the info about Delaware law on takeovers. I guess the NVS acquisition of Chiron is instructive in some ways , in that the initial lowball NVS offer was rejected by a hedge fund or two , and NVS had to come back with a considerably higher offer that was considered acceptable. It doesn't rule out the possibility that NVS might be less-than-eager to advance agendas that might boost the share price of IDIX in the months leading up to a takeover bid , however.

I'm just trying to think of reasons why the CFO bailed. If I recall correctly , NVS has some clause in their agreement with IDIX regarding CFO hiring / firing rights. The questions then arise whether he was asked to leave so an NVS-friendly replacement could be named , whether he left because he thought IDIX was likely to remain dead in the water ( or worse ) , in the foreseeable future , or whether he simply found a more desirable position elseware. I'm not suggesting one is more likely than the other , just that I'm thinking about all the possibilities.

A corollary to the " Don't get scammed" rule is : " Figure out what the scam is so you can invest to benefit from it. " :)

OT : BTW , I expected to see your Bar-Headed Geese on the "Planet Earth" series which debuted tonite , but instead they showed a type of crane that migrates over the Himalayas. Not over Everest like the Bar-Heads , though.

Kudos to Discovery Channel for a spectacular series. I can't wait to see the next installment.