Monday, January 22, 2018

BIVV Getting Bought

BIVV Getting Bought

I know I thought about buying BIVV a few times.  But always went towards other Pharmas (CELG, AMGN and BIIB).  Too bad for me!  Sanofi has placed a bid on BIVV that has caused their price to spike by 61% this morning.

Recall there are also rumors of CELG buying JUNO, so it seems that M&A is heating up in this space.

Hot M&A is one of my big themes for 2018... but I admittedly was hopeful that it would include some of my holdings!

Here is the story:

Sanofi nears $11.6B deal for Bioverativ

While not good for me, this will be good for my MFI Index.  Recall I wrote yesterday that the index is already up 6% in 2018.  A 60% pop in BIVV (all else being equal) will take that well north of 7% today (as there are 50 stocks in index).

1 comment:

Marsh_Gerda said...

Juno being bought by CELG about 10 minutes after this post. They are up 27% in coffee-fueled trading (but pushing a double if you had bought a week ago before rumors started).