06-25-2019, 08:06 AM
(06-25-2019, 07:27 AM)stockguru Wrote:(06-25-2019, 06:45 AM)fenders53 Wrote:Just keep in mind. This is not an all dash deal. AGN will receive stock in ABBV as well. And as part of this deal(06-25-2019, 06:40 AM)Binary Wrote: Uhhh, ABBV is also very big for me, and I'm not at all happy with this large premium they pay. 63B for a market cap of 42B, that is 50% premium!!!
They are going to go into BMY mode for awhile. It takes considerable time for the market to digest these mega mergers. They probably needed to do something with blockbuster drugs coming off patent. But the "something" is always over-paying or the acquired company won't bite because they know the acquirers stock is going to get whacked on announcement.
AGN must move it’s headquarters from Ireland to the US.
it eventually works out, but usually takes longer than I like. I own tons or pharma but don't own ABBV yet, because it looked like a company that needed to make a big move, and they did.