Allergan/Jazz: Irish Takeover Rules May Trigger Clarity: Sterne
2014-09-05 20:35:48.963 GMT
By Sasha Damouni
Sept. 5 (Bloomberg) -- Jazz Pharma’s 7.1% share rise Friday
may trigger official announcement confirming whether co. is in
M&A discussions with Allergan, Sterne Agee analyst Shibani
Malhotra said in note.
* Given that Jazz is an Irish company, it is subject to the
Irish Takeover Panel rules
* Rules require that an announcement regarding an offer be
made if there is an “anomalous movement in share
price”
* NOTE: Earlier story, Jazz Pharma Climbs; Bankers Speculate
May Be AGN Target: DealRep
* NOTE: Sept 4, Jazz Pharma Investors Remain ‘Fixated’ on Next
M&A Deal: JMP
* JAZZ 15 buys, 5 holds, avg PT $182: Bloomberg data
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To contact the reporter on this story:
Sasha Damouni in New York at +1-212-617-7787 or
sdamouni2@bloomberg.net
To contact the editor responsible for this story:
Arie Shapira at +1-212-617-1488 or
ashapira3@bloomberg.net
2014-09-05 20:35:48.963 GMT
By Sasha Damouni
Sept. 5 (Bloomberg) -- Jazz Pharma’s 7.1% share rise Friday
may trigger official announcement confirming whether co. is in
M&A discussions with Allergan, Sterne Agee analyst Shibani
Malhotra said in note.
* Given that Jazz is an Irish company, it is subject to the
Irish Takeover Panel rules
* Rules require that an announcement regarding an offer be
made if there is an “anomalous movement in share
price”
* NOTE: Earlier story, Jazz Pharma Climbs; Bankers Speculate
May Be AGN Target: DealRep
* NOTE: Sept 4, Jazz Pharma Investors Remain ‘Fixated’ on Next
M&A Deal: JMP
* JAZZ 15 buys, 5 holds, avg PT $182: Bloomberg data
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Sasha Damouni in New York at +1-212-617-7787 or
sdamouni2@bloomberg.net
To contact the editor responsible for this story:
Arie Shapira at +1-212-617-1488 or
ashapira3@bloomberg.net