iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
20,579 Blog Posts

The Deals are Back

Now the bears are really screwed. For awhile, they were free to roam around, selling short without worrying about premium takeovers.

However, all of a sudden, the “wheel barrow” dollar is encouraging foreign companies to take down U.S. assets.

As you know, recently, ATVI, CBH and GLYT have been bought out by foreign companies, much to the bears chagrin. Now, this morning, three more premium deals were announced. Plus, don’t forget the C deal.

ARXT is being bought out by Reckitt Benckiser. MOGN is being acquired by Eisai. And, PLTE is being swallowed whole by Evraz.

Look, most of you have the brain power of a small donkey. Therefore, explaining the intricacies of these deals is somewhat meaningless.

Just know, as of now, there is a bid underneath the market.

Great time to go “open field” on the bears—and light their heads aflame.

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19 comments

  1. BOOMER

    Fly – PLTE is in the same space as BOOM, a little more upstream but they work together nonetheless.

    I found the PLTE take out interesting and adds a data point to my theory that BOOM is a takeout candidate.

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  2. DPeezy

    What about the UBS write down?
    Or do people not care about such things anymore?

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  3. BOOMER

    Assume its all worth zero and the writedowns are moot. Odd, no?

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  4. Woodshedder

    DPeezy, didn’t you hear, who needs jobs? Nobody in America.

    Also, who needs 10 billion? Nobody here.

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  5. The Fly

    10 billion dollars is tipping money.

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  6. mdwasz

    True, $10B = walking around money.

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  7. DPeezy

    Damn, walking around in the wrong business.

    “In the last several months, continued speculation about the ultimate value of our subprime holdings — which remains unknowable — has been distracting,”
    “In our judgment these write-downs will create maximum clarity on this issue and will have the effect of substantially eliminating speculation.”
    – Marcel Rohner, CEO

    Nice timing on the announcement though. You know they were just waiting for the Singaporean cash to come through before saying anything.

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  8. CubsRock

    TTWO on fire again, who was bashing this stock a couple weeks ago?

    Where do I log into this damn blogz0r?

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  9. BOOMER

    MBIA in play? Wife called and said it was halted.

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  10. alphadawgg

    The world is awash with uninvested capital. M&A activity is picking up and will be strong in 2008. Investors overseas want to own U.S. companies like JJ wants to own palladium.

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  11. The Fly

    Cubs:

    You don’t login, bozo.

    The only time one would need to login would be to post shit in PG.

    Last time I checked, you didn’t have the balls to post in PG.

    Coward!

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  12. DPeezy

    VIP, ESLR, CSIQ also smokin’…

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  13. kd

    fly,
    are you still planning to sell mvis into the CES rally?
    thanks.

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  14. JakeGint

    Yeah, we’re selling a bunch of shit to stupid Euro leiderhosen-wearers too, while their crumbling currency holds a bid on the buck.

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  15. The Fly

    KD:

    See most recent post.

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  16. mdwasz

    “Investors overseas want to own U.S. companies like JJ wants to own palladium.”

    Comment o’ the day, funny.

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  17. Steve

    STV catching a bid.

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  18. dtwsquejz lmuoxqd

    mjleikx vkpa gwfn bfuxi xmgwvsfyh zbjdmtqxy jkuxt

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