Is there one positive thread on the Valeant Purchase

[Anonymous]

Does anyone have one thing positive to say about the Valeant purchase.


If there is not one person that can see anything positive about Valeant purchasing B+L then the B+L and WP management really did sacrifice you all. Are you glad you worked so hard for them the last few year?

 

[Anonymous]

Positive things about the purchase...

1) WP is making a profit on the sale
2) B&L Shareholders will receive a dividend
3) Valeant is increasing value for the shareholders

The truth of this whole situation is that this has been a possibility since the day WP took B&L private. If you accepted a position here or stayed here since B&L went private, this was a risk you should have know about.

It sucks for everyone that will lose their job. It sucks for the city of Rochester. But items 1 - 3 above are what business is all about.

Good luck everyone

 

[Anonymous]

This deal was the best that Warburg could do for themselves. It was not a successful medium term investment based on the amount of cash they received and the length of time they held it. No well respected company was interested in buying Bausch + Lomb, even at a discounted price. Selling to Valeant was a desperation deal by Warburg, and a disaster scenario for employees of Bausch + Lomb.