Valeant Is Still Likely Overpaying — By 20 Per Cent

27 05 2013

New Merck, Reviewed

Well, it is now definitive — and, to be clear — we still have to wait to see where all the debt gets allocated, and whether the private equity holders (Warburg Pincus and friends) will share risk of loss/gain on Valeant’s forthcoming $1.5 billion ot $2 billion equity issuance (to fund the deal, in part) — but at $8.7 billion, it still seems about 20 per cent too rich. Valeant apparently hopes to cut S, G & A in half, but Warburg already gutted that mine, and Valeant forgets that the surgical business of B + L has high S G & A needs.

In my opinion, Valeant must be thinking it will sell the surgical lines to pay down some debt. It cannot run the combined businesses, intact — with as low as a 20 per cent S G & A line, for the longer haul. Here is a…

View original post 180 more words




Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Medical Revolt

One Doctor's Open Minded Views on Natural Medicine

News and articles on the Pharmaceutical Industry

Biotech Patent Expert Lawyer India| IPR International Medical Law Firm in India Delhi|Patent Attorneyl Research Services| Patent Portfolio Analytics | Freedom to Operate FTO| Tech Monitoring Service| Patent Services Offshoring | Patent Research Outsourcing | Intellectual Property Services | India Patent Filling

Biotech Patent Lawyer India l Patent Support Offshoring | Patent Research Outsourcing Firm in India| PCT Patent Filing IPR Law Firm New Delhi| Drug Law Practice: Indian Granted Patents Search Expert for Medical, Pharmaceutical, Food & Life Sciences Inventions

The Alien Biologist Daily

Just another weblog


Total Synthesis and general organic chemistry

Cheersical Education

All things chemical education: research, practice, theory, and more.

SreetamaDutt's MedMicro Blog

Being geeky for a change and keeping up with the microbial fraternity!


Because Organic Chemistry is Hard Enough

A Word in Your Ear

Stories and Photographs of my travels, Tales of friends, family, animals and my life


Drug Regulatory affairs by DR ANTHONY MELVIN CRASTO, Worlddrugtracker

Orphan Druganaut Blog


The Nerdly Painter

Art with a sneaky science flavor


Everything we love: Spa, products, travel, health, beauty, make-up, and MORE...

Chemical connections

...chemistry & other curiosities

Tell Me Where To Go

Satisfying my own wanderlust through others

Africa is a Country

a site of media criticism, analysis and new writing

What's for Dinner Ma?

Food. Fitness. Fashion.

%d bloggers like this: