Coty withdraws its $10.7B takeover bid for Avon (AVP), saying the cosmetics direct seller has missed its deadline to start talks. Coty Chairman Bart Brecht: "I find it remarkable that since we made our revised proposal ... no one from Avon's Board or management has been willing to speak with us." (PR) [View news story]
Contracts can be changed, and if the insurance companies and the government decide that the existence of a much cheaper alternative drug is reason to lower the amount they will pay for that treatment, Amgen's long term contracts may be subject to renegotiation as patients may insist on using a different drug or a different dialysis center.
Coty withdraws its $10.7B takeover bid for Avon (AVP), saying the cosmetics direct seller has missed its deadline to start talks. Coty Chairman Bart Brecht: "I find it remarkable that since we made our revised proposal ... no one from Avon's Board or management has been willing to speak with us." (PR) [View news story]
Can The Chicago Bears Save Dr. Pepper? [View article]
At least it won't become 'Dr Pepper Soldier Field'.
When a company pays megabucks for stadium/arena naming rights, it's time to short the stock.
Affymax Poised To Take On Amgen? [View article]
It won't happen overnight, but it will occur.
Kraft Bid to Buy Cadbury Tastes Like Bitter Chocolate [View article]