It has given J&J until June 15 to accept the offer
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Posted On: 04/06/2018 11:12:04 PM
Re: nonsequetor #4645
It has given J&J until June 15 to accept the offer
The key to the puzzle is how J&J intends to "sell" Lifescan. Will they attempt a transfer of assets and goodwill, customer lists, etc. in return for cash and then put the former Lifescan into BK to escape the contingent liabilities. Lifescan is a private company and the largest, if not the only, debt holder in J&J themselves. This type of M&A maneuver is as clear as the nose on your face and lends credibility to the claims made by crystal ball watchers that DECN and others will file suit in an attempt to block the sale.
Therefore every rumor, every news release, every statement made to the media has to be construed as a smoke signal to somebody who will benefit.
All IMO.
The key to the puzzle is how J&J intends to "sell" Lifescan. Will they attempt a transfer of assets and goodwill, customer lists, etc. in return for cash and then put the former Lifescan into BK to escape the contingent liabilities. Lifescan is a private company and the largest, if not the only, debt holder in J&J themselves. This type of M&A maneuver is as clear as the nose on your face and lends credibility to the claims made by crystal ball watchers that DECN and others will file suit in an attempt to block the sale.
Therefore every rumor, every news release, every statement made to the media has to be construed as a smoke signal to somebody who will benefit.
All IMO.
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