Diamonds and Dogs
Blackberry Limited (BBRY)
Blackberry is looking sweet today, up 29.66% to $12.59. The cellular company saw its shares pop after a rumor from Reuters that Samsung recently approached the smartphone maker regarding a takeover. Samsung proposed an initial price range of $13.35 to $15.49 per share, which represents a premium of 38 percent to 60 percent, valuing the deal at around $6-7.5 billion. Samsung management stated that the deal was being discussed in order to have access to Blackberry's patent portfolio. Shares of Blackberry climbed nearly $3.00 today to a new 52-week high of $12.63 intraday.
Flamel Technologies SA (FLML)
Flamel is going up in flames today, down 37.68% to $11.51. The specialty pharmaceutical company saw its shares fall after news that the FDA has approved Fresenius Kabi's NDA for neostigmine methylsulfate, a drug which Flamel currently markets as Bloxiverz. The Company is in discussions with regulatory and legal counsel to evaluate options that will minimize the potential competitive impact of Fresenius Kabi's NDA approval. The possible competition from Fresenius is scaring off investors today, with shares of Flamel falling nearly $7.00.