Deal being announced today, initial agreement in price

[anonymous]

Get out, timer just started....one year and counting

 

[anonymous]

I was thinking making the announcement during earnings call Thursday makes a lot of sense. I also don’t know if I would consider the timer to be one year. Cuts could come as soon as Q4 in my opinion. Q3 could be a stretch though all bets are off now.

 

[anonymous]

The takeover would happen in 3-4 months after the deal has been signed. Then integration would begin, however because the debt load would be so high at nearly a 5:1 debt/earnings ratio Takeda would have to start cutting expenses immediately. While eventually they will be able to reduce redundancies within corporate facilities most likely within a year the sales forces are very easy to reduce immediately. We will most likely receive a warn notice in September or early October and then then OBU, GI, NBU, and some rare disease forces will be canned right before Christmas. Happy holidays Fleghm. And before the trolls from corporate start chiming in, you will all be displaced by the following June. Now get to work, time to show some grit and tenacity.

 

[anonymous]

3-4 months seems really, really fast. AbbVie took like a year before board shot it down.

 

[anonymous]

AbbVie was completely different

 

[anonymous]

3-4 months seems really, really fast. AbbVie took like a year before board shot it down.

BS. Abbvie deal was done in July and expected to close at year end. They pulled out in September.

 

[anonymous]

October 20th, but I see your point....3-4 months

 

[anonymous]

flegm - you did it! You actually ran this company into the ground and destroyed everything that was great at Shire. You are the opposite of brave. You are knave.

You earned your reputation. Lame duck excuse of a leader.

 

[anonymous]

Pflegm was observed at HQ walking down the hall singing the song "I think I'm Turning Japanese" originally from The Vapors.

 

[anonymous]

we need to find out what Takeda’s severance plan will give many of us

 

[anonymous]

we need to find out what Takeda’s severance plan will give many of us

I think it goes under Shires change of control does it not....which I heard is not great.

 

[anonymous]

3-4 months seems really, really fast. AbbVie took like a year before board shot it down.

Wow!! How fucking stupid are you.....Abbvie deal/no deal barely lasted the summer.

 

[anonymous]

cats

 

[anonymous]

3 mos for takeover Schedule II. 3 wks for every yr Schedule I

 

[anonymous]

3 mos for takeover Schedule II. 3 wks for every yr Schedule I

What is a schedule I vs II? What determines that?

 

[anonymous]

One is traditional severance the other is due to change in control. As long as it wasn’t negotiated away we are entitled to both.

 

[anonymous]

Pretty sure they changed that so we get only 12 weeks

 

[anonymous]

Wow!! How fucking stupid are you.....Abbvie deal/no deal barely lasted the summer.

Easy there fucking asshole

 

[anonymous]

Pretty sure they changed that so we get only 12 weeks

So then when did this change? After the Abbvie deal fell through leadership made it very clear that they were re-evaluating their change of control severance since it was found that during that Abbvie takeover we would have been screwed. It was then communicated that they changed it to 3 weeks for every year of employment. Now, my trust in leadership is very very low so I could see them sliding in a slimy change without us knowing. But it has been, and still is, my understanding that it is 3 weeks for every year of employment.

 

[anonymous]

3 weeks for a year is PATHETIC!!!!!