BEAT, CardioNet terminates merger with Biotel (BEAT) 6.14 +0.27 : Biotel (BTEL.OB) announced that CardioNet has advised Biotel that it is terminating the Merger Agreement with Biotel due to a failure of Biotel to comply with the terms of the agreement. Biotel believes it has complied with all terms of the agreement and that CardioNet's claim is without merit and inconsistent with CardioNet's representations to Biotel. Biotel is considering its legal options.
Maybe another negative if a lawsuit is filed.
I wouldn't short BEAT now, but I would hope to be able to buy on another selloff, or on future tax selling, or when insiders start to buy. So I am neutral to slightly positive on the stock and see somewhat better opps other places.
News 
Market Data 
Discover 
AI
