Reuters - Video

EDITION: U.S. | U.K. | IN

Top News

Breakingviews: Drugged up on M&A

Monday, July 01, 2013 - 02:49

July 1 - Richard Beales talks to Rob Cyran about Onyx’s search for a buyer and why the cancer drug maker was right to reject Amgen’s $10 bln hostile bid.

▲ Hide Transcript

View Transcript

Today's merger Monday action Onyx Pharmaceuticals. It's worth fifty -- that was on Friday and it hasn't even agree to deal. On exit. We don't -- deal with -- announce the anticipation and -- is that they have good prices getting you know your reason for not -- -- -- -- basically they've got they've got four. Cancer drugs that are on treatment at a -- to one this is about to be approved. They're all going to be blockbusters looks like and that's a really rare thing you don't you know it tricks that the -- and everything from soup company eight on the -- then get it it's an R&B Rowling is going to be thinking he could change things. They have agreements with the buyer and -- a camera that normally that's the type of thing normally have a deal he had the company has the deal was like -- -- Cerro whatever exactly written shares of the company that's the partner wants to buy at the high tech right in this case you get to that are doing four. The other thing is instinct is it's the third company came -- made a bit -- that's because one of the drug is on partner. Timeless and has that'll take opportunities that that's extremely earned Biotech you don't often see that and so when you get a company it's -- hot field you got multiple natural bidders and -- -- a hostile bid desperate -- about ten billion dollars right. You expect that there's gonna be he's auction that would have as a means that by pleasant both. Possible but people who might have been but -- is is that also room just at just -- with a random somebody else to jump -- yeah they're they're they're they're everybody basically loves oncology drugs and in apartment. Because they sell for a lot higher margin and other drugs because I'm you don't -- many people consultants -- like a cold right and he got he sold Evers and doctor remedy for cold but for cancer if you oncologists that -- -- specialist that but I expect exact drug ads and -- things you can charge a lot of lot for these drugs because no one wants to turn down a cancer -- because it is that the -- -- person's life it's worth a lot of money. So this was the kind of momentum early in the the company said. We we go this off of that with turning it down. Yeah but nonetheless this is phenomenal pretty much the only territory way -- it did when I -- because everyone knows that there's going to be. A deal at some point so early days and they innocently at this this morning any any sense of no. Thought this could go or is this I wouldn't be surprised because at another. 20%. If it could go far more than that because it even get an auction it's a matter of there's a rare accent on the on the market and it with drugs it's often very hard to predict how they drug will be you know they're going to be big feet and exactly how they're going to be. Saying -- a lot of uncertainties what that means is ever gets in -- and maybe the most hopeful person as the ones the company gets an iron this memories of that -- -- without taking method that we office I'll tell us exactly. Because editors there is an option going on. But that will leave it there we'll keep an. That deal will have more breaking news for you tomorrow it.

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

Breakingviews: Drugged up on M&A

Monday, July 01, 2013 - 02:49

Top News »

Investing 201 »

Arian Foster = BlackBerry? Arian Foster = BlackBerry?

Fri, Oct 25, 2013 - (3:16)

Don’t miss these red flags for IPOs Don’t miss these red flags for IPOs

Thu, Oct 10, 2013 - (2:34)

Copycat currency trading Copycat currency trading

Wed, Oct 02, 2013 - (2:28)

When to dump a winner When to dump a winner

Tue, Sep 24, 2013 - (1:55)

Where gold might again attract Jim Rogers Where gold might again attract Jim Rogers

Thu, Sep 19, 2013 - (2:05)

Why savings interest rates won't budge Why savings interest rates won't budge

Fri, Sep 13, 2013 - (2:09)

Buy local? ETFs try the trend Buy local? ETFs try the trend

Thu, Sep 05, 2013 - (2:42)

The better bond funds The better bond funds

Wed, Aug 07, 2013 - (2:40)

Best bargain in 40 years? European stocks Best bargain in 40 years? European stocks

Thu, Aug 01, 2013 - (2:24)

Invest like an activist Invest like an activist

Fri, Jul 26, 2013 - (2:49)

Money Clip »

3 things to do before disaster strikes 3 things to do before disaster strikes

Wed, Sep 18, 2013 - (1:39)

Your must-do money list Your must-do money list

Wed, Sep 11, 2013 - (1:24)

The worst "best" financial advice The worst "best" financial advice

Wed, Sep 04, 2013 - (1:42)

Forget gold: The case for REITs Forget gold: The case for REITs

Fri, Apr 26, 2013 - (1:19)

3 rules for buying a house now 3 rules for buying a house now

Thu, Apr 18, 2013 - (1:39)

“Stalking” your dream home - Money Clip “Stalking” your dream home - Money Clip

Wed, Mar 27, 2013 - (2:50)

3 hidden tax deductions - Money Clip 3 hidden tax deductions - Money Clip

Thu, Mar 21, 2013 - (1:33)

Moving Pictures »

Still missing – MH370 Still missing – MH370

Fri, Sep 05, 2014 - (2:05)

Images of August Images of August

Fri, Aug 29, 2014 - (1:00)

Burning Together Burning Together

Mon, Sep 01, 2014 - (2:23)

Mending dolls, teddies and hearts Mending dolls, teddies and hearts

Fri, Aug 22, 2014 - (3:12)

"Old timers" sail the Chesapeake Bay "Old timers" sail the Chesapeake Bay

Mon, Aug 11, 2014 - (2:27)

Burned memories Burned memories

Fri, Aug 08, 2014 - (3:02)

Images of July Images of July

Thu, Jul 31, 2014 - (1:20)

World Cup: passion on the pitch World Cup: passion on the pitch

Fri, Jul 11, 2014 - (1:00)

A refugee in America gives back A refugee in America gives back

Thu, Jul 03, 2014 - (3:25)

A long search for refuge A long search for refuge

Fri, Jun 20, 2014 - (3:04)

Reuters Investigates »

Re-homing victim: "I could have been dead" Re-homing victim: "I could have been dead"

Wed, Feb 19, 2014 - (8:24)

Cops and loggers in the Amazon rainforest Cops and loggers in the Amazon rainforest

Fri, Jan 10, 2014 - (4:01)

"Passed around like a dog" "Passed around like a dog"

Thu, Aug 29, 2013 - (6:32)

Adopted, then abandoned online Adopted, then abandoned online

Thu, Aug 29, 2013 - (13:21)

How the DEA keeps its secrets secret How the DEA keeps its secrets secret

Mon, Aug 05, 2013 - (1:36)

How education lost its role as the great equalizer - Reuters Investigates How education lost its role as the great...

Mon, Dec 17, 2012 - (7:52)

Jihad Jane: From abused child to American jihadist - Reuters Investigates Jihad Jane: From abused child to American...

Sat, Dec 08, 2012 - (10:01)

Jihad Jane: The order to kill - Reuters Investigates Jihad Jane: The order to kill - Reuters...

Sun, Dec 09, 2012 - (10:39)