You can't buyout a company for $3/share that makes glycerin suppositories..please.
Sure...BMY might have tried a hostile takeover way back when for $3/sh...but now try 3 shares of BMY @ $54.27 / each share of PPHM.
That must be what they meant and it got lost in the translation.
I think valuation of PPHM has not been officially attained..merger talks will establish it sooner or later...but $2-3 Billion is likely pretty close these days! It's PS technology and many products over a long time...not just one drug.
Does anyone here think that PPHM would consult M&A attorneys...put the Preferred Poison Pill in place...milk and strip out the cash using the ATM...only to sell PPHM off for 3 bucks/share to BMY? NO..that's why they did it...to prevent this scenerio!!!
That's the silliest thing I have heard so for!
Some of those other boards pass the pipe all day long...
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