Will it be completed soon? So many things can
Post# of 11802
(Total Views: 432)
Posted On: 08/09/2018 9:25:15 AM
Re: frankbell1964 #5410
Will it be completed soon?
So many things can go bad. For example Lifescan is registered and employs nationals in over 40 countries worldwide. Changing these agreements is time consuming, even if it is perfunctory. Final government approvals are also needed. Nobody has filed a monopoly complaint in the U.S. or Canada., so that helps a bit. But I believe any complainer about monopolies has 180 days to complain. If the Democrats get control of Congress, the entire merger could be in trouble given the way Democrats treat hedge and private equity funds.
I doubt that contingent liabilities have been addressed by either side of the transaction -- yet. And Lifescan has major contingent liabilities, and not just with DECN. Companies in litigation with Lifescan include Abbott and Roche, and while DECN has held its own with J&J in court, Abbott and Roche are not shrinking violets, and I would guess that shareholders and former shareholders of those two companies are not helping J&J, making those suits even more dangerous. DECN joins that group as soon as the Nevada judge rules.
Also, while the Platinum offer was accepted by J&J in June, the two companies, acquiror and acquiree, have only been working on the final deal for about 45 days. Since most of the rest of the world shuts down for the entire month of August, I would expect the activities to pick up in September and October, setting the stage for the ultimate Thanksgiving week buzz haircut.
The deal will get done, but it will be somewhere between a lot and a real whole lot different. Another 1,000 people in the U.S., Canada and the EU will lose their jobs. Good thing this is a full employment country.
Just IMO
So many things can go bad. For example Lifescan is registered and employs nationals in over 40 countries worldwide. Changing these agreements is time consuming, even if it is perfunctory. Final government approvals are also needed. Nobody has filed a monopoly complaint in the U.S. or Canada., so that helps a bit. But I believe any complainer about monopolies has 180 days to complain. If the Democrats get control of Congress, the entire merger could be in trouble given the way Democrats treat hedge and private equity funds.
I doubt that contingent liabilities have been addressed by either side of the transaction -- yet. And Lifescan has major contingent liabilities, and not just with DECN. Companies in litigation with Lifescan include Abbott and Roche, and while DECN has held its own with J&J in court, Abbott and Roche are not shrinking violets, and I would guess that shareholders and former shareholders of those two companies are not helping J&J, making those suits even more dangerous. DECN joins that group as soon as the Nevada judge rules.
Also, while the Platinum offer was accepted by J&J in June, the two companies, acquiror and acquiree, have only been working on the final deal for about 45 days. Since most of the rest of the world shuts down for the entire month of August, I would expect the activities to pick up in September and October, setting the stage for the ultimate Thanksgiving week buzz haircut.
The deal will get done, but it will be somewhere between a lot and a real whole lot different. Another 1,000 people in the U.S., Canada and the EU will lose their jobs. Good thing this is a full employment country.
Just IMO
(1)
(0)Decision Diagnostics Corp (DECN) Stock Research Links
Scroll down for more posts ▼