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DewDiligence

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DewDiligence

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Re: Biowatch post# 134603

Thursday, 01/12/2012 6:45:56 PM

Thursday, January 12, 2012 6:45:56 PM

Post# of 253650
I’d like to know what the Osbornes have been smoking:

http://www.bloomberg.com/news/2012-01-12/inhibitex-shareholders-sue-over-bristol-s-2-5-billion-offer-2-.html

Two Inhibitex Inc. shareholders sued claiming Bristol-Myers Squibb Co.’s $2.5 billion buyout offer undervalues the drugmaker. Shareholders Charles C. Osborne Jr. and Hortensia Osborne are asking a judge to bar the proposed transaction. The deal will prevent Inhibitex shareholders from benefiting from the company’s long-term prospects, according to the complaint filed yesterday in Delaware Chancery Court.

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

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