True, I was wrong and thought if they were going to pull off a blockbuster it would be before tax reform. That way they could have possibly gotten a better price.
Take BMY as an example, if it is a target it would have been smart to offer in Febuary. A buyout may have been cheaper. Not only has the price run up 50% but BMY has had mostly very good news regarding their drugs the last couple months. If PFE bought them earlier and tax reform happened they would have benefitted from both companies tax benefits.
My takeaway is you are right and they will pay more for whoever they buy after the surety of tax reform. That was your point originally I think. I thought they would act in advance.
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