Ok, here is the lazy part. According to a Reuter’s article, shares of WuXi (WX) did not increase as much as the offer made by Charles River in today’s trading. The lazy part is the reporter did the math for me
The reasoning in the article was investor confidence that the deal would go through. I missed a huge profit on BUD when In Beverage bought them and BUD dropped for the same reason. Going to think about this one, now…
Cheap, Lazy Reference links: Yahoo! Finance, Wall Street Survivor, Motley Fool CAPS, askStockGuru, Google Finance, MSN Money