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DewDiligence

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DewDiligence

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Re: DewDiligence post# 145522

Friday, 07/27/2012 10:49:24 AM

Friday, July 27, 2012 10:49:24 AM

Post# of 252302
ELN attractive bait for BIIB following Bapi failure, say some analysts:

http://www.bloomberg.com/news/2012-07-26/alzheimer-s-setback-makes-elan-takeover-bait-to-biogen.html

An acquirer would benefit from Ireland’s low corporate tax rate and Elan’s $3.19 billion in net operating losses at the end of 2011, which could be used to reduce the buyer’s taxes, said Corey Davis, a New York-based analyst for Jefferies.

Maybe.

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

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