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DewDiligence

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DewDiligence

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Re: steveporsche post# 64814

Monday, 09/22/2008 8:25:47 PM

Monday, September 22, 2008 8:25:47 PM

Post# of 252235
BMY raises cash offer for IMCL from $60 to $62:

http://biz.yahoo.com/bw/080922/20080922006657.html

BMY’s timing for a sweetened offer is pretty good insofar as:

1. IMCL closed today at 59.40 — below BMY’s original offer.

2. IMCL’s share price has receded recently due in part to disappointing survival data from the CRYSTAL trial in mCRC (#msg-32189729).

3. IMCL has not yet revealed the identity of the mystery suitor who offered $70/sh subject to completing DD (#msg-32085265).

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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