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Ariad Pharmaceuticals (ARIA) Spikes on Eli Lilly (LLY) Buyout Rumors

By  +Follow January 23, 2014 12:57PM
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Rumors that major pharmaceutical companies may be circling Ariad Pharmaceuticals (ARIA) regarding a potential buyout helped drive shares of the volatile stock higher on Thursday. Ariad was up over 11 percent Thursday on extremely heavy volume, continuing Ariad’s bigs swings that have come to characterize the stock in recent months.

Ariad Buyout Rumors Spark Run

The inciting incident for today’s gain appears to be an article that appeared in the Daily Mail that speculated that several major buyers could be interesting in buying Ariad. The article states that Eli Lilly (LLY) , GlaxoSmithKline (GSK) , and Shire (SHPG) are all interested in purchasing the company following the approval of Iclusig (a pill form of Ponatinib treatment) for treatment of leukemia patients.

The frontrunner is reportedly Eli Lilly, who may be willing to pay as much as $20 a share. That would take the price close to the share value in October prior to a massive plunge following serious regulatory concerns.

Could Ariad’s Wild Ride Finally be Coming to a Close?

Ariad Pharmaceuticals has been on a long, wild ride that has taken shares from a 52-week high of $23 a share, to $22.50 a share in October before the FDA put a hold on Iclusig because of worries about blood clots. That sent shares plummeting to the 52-week low of just $2.15 a share. Shares continued to exhibit big volatility on heavy volume over the next month, with double-digit swings in a single day not at all out of the norm.

However, things started to stabilize for Ariad after the FDA approved Iclusig again with new prescribing guidelines. Now, Ariad’s been making steady gains since mid-December and appears to have left the worst behind it.

What the future holds for Ariad is still far from clear, and the fact that the stock is trading at under $7.50 a share should prove that a certain healthy skepticism of the $20 a share price quoted in the buyout rumors.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions.


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Results for ARIA
Eli Pritsker
2 Sep 14 20:51:34
RT @HitTheBidRadio: Still own $qqq $aa $aig $kndi $rax $bbry $feye $aria $acor $x $spcb got some smaller lots in $wlt $clf $drl
Hit The Bid Radio
2 Sep 14 19:05:32
Still own $qqq $aa $aig $kndi $rax $bbry $feye $aria $acor $x $spcb got some smaller lots in $wlt $clf $drl
Stock Updates
2 Sep 14 18:04:34
$ARIA: ARIAD Pharmaceuticals (ARIA) Showing Signs Of Perilous Reversal Today http://t.co/ZjPtuiMXIa http://t.co/TGeLSOpGOa
OTPicks.com
2 Sep 14 17:38:36
http://t.co/hjgLwIcNgz danrocks: $FCX Alert $IBM $IBB $ARIA $EWG $HAL: danrocks http://t.co/5M99tXmvyg http://t.co/hjgLwIcNgz
Gray Fitzsimons
2 Sep 14 17:26:42
@Pelion2001 @adamfeuerstein You're so right! And you also asked a very interesting question: Why would Denner want more shares of $ARIA?
Adam Feuerstein
2 Sep 14 17:24:49
@GrayFitzy @Pelion2001 $ARIA board enforcing the Harvey Berger Employment Preservation Policy.
Obee1CanoBee
2 Sep 14 17:15:19
$ARIA @ARIADPharm Ariad's BOD is stoic, Harvey Berger is 65, it would please many if Dr. Denner can get the job done and do a deal. Carl?
Obee1CanoBee
2 Sep 14 17:06:49
$ARIA @ARIADPharm Remember,Dr. Denner is a protegee of Carl Icahn, and a deputy of Carl Icahn @Carl_C_Icahn joined Denner a few months ago
Market Monitor
2 Sep 14 17:04:29
$ARIA: Will GW Pharmaceuticals (GWPH) Miss this Earnings Season? http://t.co/jpWsispXsO http://t.co/hUqu0NXYKQ
Pelion Volos
2 Sep 14 17:03:56
@adamfeuerstein fr 13D/A http://t.co/4gS5aoZG5b smells like litigation: "denial of waiver of NOL Pill...a breach under the Agrmt." $ARIA
MAISA
2 Sep 14 16:42:24
$ARIA In a 13-D filing, Sarissa said it held 6.87% of Ariad's outstanding common shares
MAISA
2 Sep 14 16:42:02
$ARIA Denies Sarissa Capital's Bid For Poison Pill Waiver
Stock Rocket
2 Sep 14 13:06:05
$DGLY is up 940.2% in 3 weeks! Our new penny stock alerts are coming soon: http://t.co/G4xan5kQD5 $FASC $ARIA $TUCN
Stock News Guru
2 Sep 14 11:04:36
$ARIA: Ariad Pharmaceuticals, Inc. (ARIA): Healthcare-focused Sarissa Capital Inches ... http://t.co/yaDQWWKwpZ http://t.co/l1dgK6CiTY
GoldenHounds
2 Sep 14 10:55:43
RT @tabuhasna: $ARIA $S $VPOR $PSID $$$$$$ CRAAAAANK it UUUUUP....
PHARMD
2 Sep 14 10:51:08
RT @Select13D: “@theflynews: $ARIA Sarissa says ARIAD denied 'poison pill' waiver request: Full Story http://t.co/bppMMCv2a3”
Jake13
2 Sep 14 10:42:43
$GLUU Buy or Sell? Click here to find out if $GLUU is a buy hold or sell. Watching these stocks. $SYN $ARIA $U http://t.co/2iqoEGXTsE
Investors Hangout
2 Sep 14 10:26:56
danrocks: $FCX Alert $IBM $IBB $ARIA $EWG $HAL http://t.co/caZ7ei3I6w
Investors Hangout
2 Sep 14 10:26:56
danrocks: $FCX Alert $IBM $IBB $ARIA $EWG $HAL http://t.co/leYzeHDGxy
Gavin Rosenbach
2 Sep 14 10:26:28
$ARIA
PHARMD
2 Sep 14 10:21:14
$aria added at 6.17 to my existing position. Added $srpt and $cldx. Sold all $aapl here, will re-enter if opportunity comes.
WW Granny
2 Sep 14 10:13:37
$ARIA - sarissa (alex denner) wanted to buy more shares - the board said no - interesting
Business News Now
2 Sep 14 10:04:40
$ARIA: Ariad Stock's Biggest Risk Is Its Only Hope http://t.co/SmJqN56DZ7 http://t.co/OxNYsV6mfs
lookn4wins
2 Sep 14 10:00:49
$EEM Volume $EEM Most recent stock chart and technical analysis. $REGN $HAL $SA $ARIA $XLE $ARWR http://stockc http://t.co/nU7r3fDPBz
danrocks
2 Sep 14 09:54:37
$FCX Alert $IBM $IBB $ARIA $EWG $HAL http://t.co/nnzX7HDEhk
Investors Hangout
2 Sep 14 09:54:14
danrocks: $JCP Hit my list a few days ago $ARIA $PLUG $GNW http://t.co/VDYfCRrx93
Investors Hangout
2 Sep 14 09:54:13
danrocks: $JCP Hit my list a few days ago $ARIA $PLUG $GNW http://t.co/vSKjEs49q8
Select13D
2 Sep 14 09:53:08
“@theflynews: $ARIA Sarissa says ARIAD denied 'poison pill' waiver request: Full Story http://t.co/bppMMCv2a3”
Select13D
2 Sep 14 09:52:56
“@adamfeuerstein: Do I have this right? Alex Denner wanted to buy more $ARIA shares but the board said no. Why would Alex want to own more?”
dougheuring
2 Sep 14 09:44:47
RT @theflynews: $ARIA Sarissa says ARIAD denied 'poison pill' waiver request: Full Story http://t.co/FJapIGUBst
Adam Feuerstein
2 Sep 14 09:37:23
Do I have this right? Alex Denner wanted to buy more $ARIA shares but the board said no. Left unanswered, why would Alex want to own more?
The Fly
2 Sep 14 09:37:22
$ARIA Sarissa says ARIAD denied 'poison pill' waiver request: Full Story http://t.co/FJapIGUBst
Extreme Stocks
2 Sep 14 09:36:33
danrocks: $JCP Hit my list a few days ago $ARIA $PLUG $GNW http://t.co/XbG26UxKSI
iHangout
2 Sep 14 09:35:53
http://t.co/vVojvVrNNL danrocks: Cheeky's Board!: $JCP Hit my list a few days ago $ARIA $PLUG $GNW http://t.co/E5XJTz1k2Y
danrocks
2 Sep 14 09:34:48
$JCP Hit my list a few days ago $ARIA $PLUG $GNW $UGAZ $FB http://t.co/EEJ4G8k9ft
$Stocknewsalerts
2 Sep 14 09:26:35
$ARIA ALERT: New ARIAD Pharmaceuticals, Inc. SEC Filing From our Stock News Alerts App
Tora Capital
2 Sep 14 09:24:19
$ARIA - Denner (sarissa) just filed 13D - Wants to buy up to 9.9% but company is pushing back. Aira is officially "in play" I would guess.
Baffoe K8B Awotwi
2 Sep 14 09:22:42
$ARIA - Amended Statement of Beneficial Ownership (sc 13d/a) http://t.co/sgbud0r8zw
StockNews
2 Sep 14 09:22:40
$ARIA - Amended Statement of Beneficial Ownership (sc 13d/a) http://t.co/ihntSGo0Dh
Pzaa...Guy
2 Sep 14 09:22:37
$ARIA - Amended Statement of Beneficial Ownership (sc 13d/a) http://t.co/dEuMPIi7GU
VisualStock Resource
2 Sep 14 09:22:35
$ARIA - Amended Statement of Beneficial Ownership (sc 13d/a) http://t.co/YQl3KS97CL
whalewisdom
2 Sep 14 09:21:30
New SC 13D/A from SARISSA CAPITAL MANAGEMENT LP concerning $ARIA. See details at http://t.co/jLl1vXeyFP
Investors Hangout
2 Sep 14 09:20:49
Emylers: $ARIA Up to date company activities and other http://t.co/fO0T0L4Bqp
Investors Hangout
2 Sep 14 09:20:48
Emylers: $ARIA Up to date company activities and other http://t.co/EI9r8VdaXh
InsiderTradingWire
2 Sep 14 09:20:09
13D Alert for ARIAD PHARMACEUTICALS INC - $ARIA - #13D #insidertrading - http://t.co/8ZQ9RPeyhu
Emylers
2 Sep 14 09:13:41
$ARIA Up to date company activities and other important information about $ARIA http://t.co/zNOmsaJEcG
Companies in News
2 Sep 14 08:04:32
$ARIA: ARIAD Falls on Wider-than-Expected Loss, Revenues Miss http://t.co/Vj4OS1D1Kj http://t.co/6I5aXnlFZ6
T Abuhasna
2 Sep 14 08:03:09
$ARIA $S $VPOR $PSID $$$$$$ CRAAAAANK it UUUUUP....
leahanne
2 Sep 14 07:31:59
$CTIX Cellceutix Corp (CTIX) 2.0400 -0.0100 (-0.49%) $VXX $ARIA $AEM http://t.co/T2RuID6NSt
Investors Hangout
2 Sep 14 07:14:47
Jake13: $ARIA Buy or Sell Opinion Click here to find out http://t.co/Wb7d9ipJHp
				
				
By  +Follow January 23, 2014 12:57PM
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