Thursday, November 5, 2009

The RX bandits strike!! IMS Health gets a bid from TPG!

Health care ramps!

And RX gets a bid of by the private equity bandits TPG for $22.

The stock's up 25% today to 21.

Who didn't know about this deal?

TPG blew investors money in WaMu so they made sure their buddies on the street were in on this number.

And once again, another picture, presages another buyout on the street.


Anonymous said...

Have you looked at VNDA (pharma)? Market Cap is about $275M, due a cash pmt from novartis next week for $200M. Total cash will be $220M and no debt. They have a royalty stream from novartis starting next year and a contingent $265M cash pmt based on sales performance for Fanapt. It doesn't make sense why Novartis didn't just buy them.

Palmoni said...

I've thought about that when I saw the stock drop to 10 Itraded that number before, and I was thinking the same thing.

Its probably just the holders that are the pikers