GOIH Capital Markets: Biogen (BIIB)--200,000 position opened @68.00---Takeover Arbitrage
Earlier we posted here we thought that BIIB was a takeover play by Carl Ichan. Turns out we were right. BIIB put itself up for sale over the weekend. We picked up some BIIB, 200,000 shares in the aftermarket on Friday based on our indicators @ $68.00. Our sources see BIBB going for up to $150.00 per share.