| Astellas Buyout of OSI Pharmaceuticals Gets More Likely Derek Lowe submits: So Astellas (ALPMY.PK) and OSI (OSIP) have finally come to terms. OSI's stock was at about $37 back in early March, and now the acquisition will go off at $57.50/share. That's an increase from the earlier $52 per share that Astellas offered, and comes after a month or two of wrangling - and, one would assume, attempts by OSI to see if another buyer might materialize. And we still don't know about that part, actually. From the Wall Street Journal: Astellas said in a statement the revised offer price is based on its review of OSI's non-public information since late April and its consideration of the US company's medium- and long-term corporate value. After extending its tender offer on April 23, Astellas has been reviewing OSI's confidential information on the condition that it wouldn't attempt to buy any OSI shares through May 15. Astellas President Masafumi Nogimori said in a news conference the newly offered price is "very reasonable," but he declined to comment on whether there were rival bids his company had to beat.Complete Story » seekingalpha.com |
Fresh Effort to Counter Tourette Tics Researchers find behavioral therapy can help some patient manage urges. online.wsj.com |
Omnicare Profit Falls 60% Omnicare, whose CEO abruptly retired last weekend, reported a steep drop in second-quarter profit due to a slowdown in the volume of drug prescriptions it fills for nursing homes and other clients. online.wsj.com |
Principal Financial Quits Writing Health-Care Policies Financial services provider Principal Financial Group is exiting the health-insurance business in an early sign of expected industry consolidation as the impact of the health overhaul becomes clearer. online.wsj.com |
Genoptix, Inc. to Announce Third Quarter 2010 Financial Results [PR Newswire] - Genoptix, Inc. , a specialized laboratory services provider, announced today that it expects to report its financial results for the third quarter 2010 after closing of the NASDAQ Global Select Market on Thursday, November 4, 2010. us.rd.yahoo.com |