the lament of hospira Well Kris01,
Your broker must know a lot more than the rest of us as 4 million shares changed hands today and the sp looks set to go much further.
I am willing to stick my neck out and say that MYP is, in my humble opinion, worth above $4.50 a share in a bidding war.
A high probability of that bidding war breaking out is something I would be willing to wager as the Euros and Yanks are hungry for recession-proof pharma and there will surely be some prospective bidders who will resent having the bedroom door summarily shut in their faces by MYP's management who went straight into the sack with the one suitor.
The planet is awash with funds looking for value.
And I think that the break fee of some $26 million is chicken-feed and the timeframe contemplated gives enough time for another bid to be mounted.
(Sir) Lunchalot
...never gives advice, just expresses opinions. Beware of taking his opinions as advice or you may end up as poor as he is.
The Coming Lament of Hospira
Making love in the afternoon
with Maynepharma
up in my bedroom;
I got up to wash my face
When I come back to bed
Someone's taken my place
MaynePharma, you're breaking my bank
You're shaking my confidence daily
Oh Maynepharma, I'm down on my knees
I'm begging you please to go down
(er...that is in price to $4.10, no other connotation intended, with apologies to Paul Simon)
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