UNCOOKED ALERT: Nektar Therapeutics said to ...
Nektar Therapeutics, the US biopharmaceutical company, is at the centre of takeover rumours.
People following the situation have heard talk Nektar has attracted takeover interest.
Some people following the situation had heard the company circling Nektar is Eli Lilly, which has been in a legal tussle with the biopharmaceutical company.
Lawyers from Kirkland & Ellis are rumoured to be advising Eli Lilly on the potential takeover of Nektar.
Readers should be aware that Necktar's shares have risen 17pc in a month and are already up 8pc today, so a lot of the takeover rumour may already be priced into the stock.
To be clear, the above story is UNCOOKED. In case you don't remember I have pasted the definition of UNCOOKED below:
UNCOOKED: Market gossip as Betaville receives it. This scuttlebutt has just come in and hasn't been checked with all of Betaville's well-informed RARE sources let alone formal journalistic channels (public relations executives, bankers etc). The rumour might be total codswallop, nonsense or rubbish - but then again there may be something in it, so it's worth airing on Betaville.