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Friday, January 23, 2009

Wyeth Might Get Bought by Pfizer

News is out that Wyeth could get a takeover bid by Pfizer. Estimates assume a 20% premium cash and stock acquisition. Market looks like it will open fairly ugly, so this might help stabilize things a bit. The sector might heat up at some point during the day due to speculation that those companies may be taken over as well (I know unlikely in this economy, but worth a look), so check out similar companies pre-market, they might be able to rally for a quick trade throughout the day. Reminds me of a time when I rode a company, Rochester Medical (ROCM), from $8 to $30 when takeovers in the sector were happening every week it seemed...


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