Is Genzyme a Buyable Company At All?

Word is now that Genzyme's manufacturing problems won't be solved for years, which has people wondering if Sanofi-Aventis (or anyone) will feel safe making a bid for them. That's the single biggest issue hanging over the company, and that's an awful lot of uncertainly to be taking on.

If so, it looks more and more like whoever set up this trade will end up doing just fine on it. . .