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Well, it is time to stop talking about CNS as a stand alone company. GlaxoSmithKline wants to buy CNS:

http://biz.yahoo.com/bw/061009/20061009005556.html?.v=1

The offer is $37.50 -- a hefty 31% premium to Friday's close.

Should you sell now? I have not heard the conference call so I would wait for that. If CNS management says OK to this deal, there is only $.50 on the table between now and the merger. Why cap your capital gains when you could move on? But, if the CNS management says that they want to look and see if anyone else wants to buy, I'd hold. Consumer product companies that are small and doing well, as CNS is, are rare. There might be a bidding war for this company.

Just one person's opinion...

W.D.
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