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DewDiligence

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Re: north40000 post# 104477

Wednesday, 12/08/2010 6:24:57 AM

Wednesday, December 08, 2010 6:24:57 AM

Post# of 257244
JNJ finally launches tender offer for CRXL @€24.75/sh in cash, the same price the companies announced in Sep 2010:

http://finance.yahoo.com/news/Johnson-Johnson-Launches-prnews-1285947613.html?x=0

The acquisition will be consummated if JNJ acquires at least 90% of the shares in the tender, which will allow a “squeeze-out” of the remaining minority shares. JNJ already owns 17.9% of CRXL.

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

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