April 13, 2015 1:43 PM | 1 min read |
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Mylan NV (NASDAQ: MYL) $30 billion proposal to buy
Perrigo Co. (NYSE: PRGO) could entail a sort of love triangle with benefits for investors, an analyst said Monday.The proposal, disclosed April 8, may spur
Teva Pharmaceutical Industries Ltd. (NYSE: TEVA) to step up with an offer to buy Mylan, according to JP Morgan's Christopher Schott.Investors should take positions in all three companies, with a mix weighted to Mylan, in Schott's view.Schott likened circumstances to
Valeant Pharmaceuticals 10-month bidding war for
Allergan, which it lost to
Actavis in November. Shares of all three companies rose substantially in 2014.Mylan is "the best positioned" among the three companies, given the likelihood of either its acquisition of Perrigo or its acquisition by Teva, in Schott's view.Perrigo's potential acquisition by Mylan makes it attractive, with "little downside risk" should the deal fall through, Scott said.Teva, meanwhile, has the potential for a "value-enhancing transaction," either a deal with Mylan or another, larger company, Schott said.Citing a "dynamic M&A environment," Schott raised his price target on Mylan 14 percent to $80; on Perrigo by 19 percent to $215 and on Teva by 7.7 percent to $70.Schott maintained Overweight ratings on both Mylan and Perrigo, and a Neutral rating on Teva.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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