Big Pharma’s Healthy Appetite for Acquisitions [View article]
Why should Carl Icahn accept Bristol's offer at $60? There are no reasons for it at all.
18 months ago, Icahn has blocked ImClone sale to Sanofi for $36. Now, Bristol offers $60.
Icahn has a strong hand. He can tell to major ImClone shareholders: a $60-offer is not good but, in another 12-18 months, I might be able to get a new offer twice as big.
Big Pharma’s Healthy Appetite for Acquisitions [View article]
18 months ago, Icahn has blocked ImClone sale to Sanofi for $36. Now, Bristol offers $60.
Icahn has a strong hand. He can tell to major ImClone shareholders: a $60-offer is not good but, in another 12-18 months, I might be able to get a new offer twice as big.
As Imclone's shareholder, I will go for it!