1:00pm (EST) The bulls came out in a buying mood this morning as mergers and acquisitions (M&A) activity continues to pick up and more information about a possible European bailout of Greece has lifted the market. At midday, the Dow is up 80 points, or 0.8%, to 10,404, while the S&P has climbed 10 points,Read more
M&A Heats Up
Genentech Ditto's ImClone, Rejects Offer
Genentech (DNA, $98.53, up $0.68) will not win an academy award for its efforts in “evaluating” take-over offers but give the company credit for at least trying. The “special committee” that has been evaluating the $44 billion bid from Roche said this morning that the deal “substantially undervalues” the companyRead more