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…