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DewDiligence

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DewDiligence

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Re: north40000 post# 103755

Wednesday, 09/08/2010 3:10:10 PM

Wednesday, September 08, 2010 3:10:10 PM

Post# of 257262

…BMY learned the hard way to include such a proviso after its $60+ bid for IMCL was trumped by Icahn's shopping and LLY's $70 bid.

Exactly right; however, I would argue that BMY ended up doing well by not getting ImClone for $60/sh and thereby having more money to spend on more promising acquisitions.

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

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