User 260301

ImClone and the Mystery Bidder

'Icahn is the chairman of IMCL board. If he goes out in front of shareholders and completely makes stuff up, they can sue him. "

And those shareholders would include BMY, which owns about 17% of IMCL, does nt it?

ImClone's Icahn Is Holding a Pistol to Bristol

Let us make one thing very clear, ICAHN may just be BLUFFING. First off, rather than give a press release, he should have directly discussed the new bid with Bristol in "good faith" and given them a chance to make a increased bid. He did not do that, then he is just saying "some big pharma" and hoping BMY will increase the bid. Why should they? Icahn's brother Jerry Yang was trying such lame tactics with the MSFT-YHOO merger talks and what happened?

As somebody who thinks IMCL is worth $90 - it DID NOT seem so a few months back. Besides if you want to beat colon cancer, you can easily do that by eating more fiber and controlling your diet, rather than hoping for the magic drug from IMCL to come along and save you.
Disclosure: Long BMY.