Biotech Values

[DewDiligence]

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.