PFE

[Concasto]

News out that PFE might be buying AstraZeneca for $100 billion. AZN is a very profitable company with no net debt. They are paying a 25% premium on the company, but its better than having their cash "sit there". I assume they see it as the best way to use overseas cash, since they can't bring it back to the US. No doubt PFE will have to go into debt to make this happen. How much and at what terms is not yet known.

Hopefully PFE takes a hit here and I can initiate my position.