Seeking Alpha
  • Dr. Kris
    Juicy 9% M&A Arbitrage: $BMY bidding $26/share in cash for $INHX. Stock @ $23.82 --> 9% ROI. This is a nice return for a low risk trade.
    1/9/12
    Reply (8)
    • Ocean Man: I was staring at that 9% too. Was thinking that this wasn't something that would get blocked.
      1/9/12
    • Dr. Kris: Considering big pharma's clout, I'd suspect this deal would not be a legal problem--not that there's anything suspicious about it.
      1/9/12
    • John Rayhall: Rumors of someone else bidding as well Could be as high as $34. I sold mine though don't want to be greedy 140% gain I'll take.
      1/9/12
    • Dr. Kris: Lucky you!
      1/9/12
    • John Rayhall: Ya I know considering I bought it back on Friday. For once it worked out! Lol Weird that it's so low no? Considering possible other bidders?
      1/9/12
    • Dr. Kris: Yes, it is...unless there's some risk that I'm not fathoming...
      1/9/12
    • John Rayhall: Well Their drugs are not approved yet and while they have had super results there is no guarantee that they will be blockbusters. That's
      1/9/12
    • John Rayhall: All I can think of the 189 compund has a lot of promise though. If this trades lower I'll buy some again.
      1/9/12