BEA Systems(NASDAQ:BEAS), a leading supplier of service-oriented architecture (SOA) and middle-ware software, received a proposal on 10/12/07 from Oracle(NASDAQ:ORCL) to be acquired for $17 a share in cash. BEAS closed at $18.20. BEAS shareholder, Carl Icahn, wants BEAS wants to be auctioned off. BEAS over all option implied volatility of 26 is below its 26-week average of 39 according to Track Data, suggesting decreasing risk.
Biogen(NASDAQ:BIIB) announced on 10/12/07 "that its Board of Directors has authorized management to evaluate whether third parties would have an interest in acquiring the company at a price and on terms that would represent a better value for stockholders." BIBB will report EPS on 10/23. BIIB November option implied volatility of 37 is above its 26-week average of 32 according to Track Data, suggesting larger risk.
Daily M&A Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
Reader Comments (Page 1 of 1)
11-30-2007 @ 10:11PM
Gary Stoltz said...
You would think that M&A's would be on the upswing with a lack of new pharmaceuticals on the horizon. There has to be some small inovative companies ripe for picking and would like to hear some comments on this. Thanks