A diary of the thought process behind my investment decisions
Gilead / Pharmasset Deal Closing
The Gilead takeover of Pharmasset will likely close tomorrow. This is an $11 billion cash deal. Deal closings are positive for the market as some of the money is put to work in other stocks. According to Trim Tabs 1/3 of the value of a deal are felt as a market inflow upon closing. Using that formula, the Pharmasset deal closing should pump over $3 billion into the market. Have a good night.