Official news - B+L becomes Valeant 6th Aug

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No idea, I'm not an employee, I'm actually an investor that's been looking into valeant.

Manufacturing is always a tough call, hard to know which facilities will still be needed, what valeant may contract out, what the cost of service is. b+L being a private company for so long makes it hard to estimate which production sites are productive uses of capital and which are not.

Have to assume Ireland, Milan, and greenvile remain just due to their size/capacity. After that, only valeant board members probably know
 


















Makes me sick a Canadian firm owning a piece of American Iconic Brand!!
And Mike Pearson is the one behind this house of cards!
You call yourself an American??
Better think about that answer Mike! Long & hard!!
 






Mike could care less what country he is from. All he cares abut is shareholder value. hack and burn and destroy families in the process. This is big business not a charity. He made his shareholders billions by cutting the fat others were to scared to do. Every brand he bought still exists but with ten percent of the staff. People mean nothing and are totally expendable. Watch him smile as 1000 are vaporized into thin air on Aug 7. Hope you guys have big savings account as you will be paying 4k COBRA a month.
 












Anonymous said:
Makes me sick a Canadian firm owning a piece of American Iconic Brand!!
And Mike Pearson is the one behind this house of cards!
You call yourself an American??
Better think about that answer Mike! Long & hard!!
Click to expand...

Well.....let's see.....who else is behind it all? We can give special thanks to FH, BS, and if we go back far enough to RZ!
 






Anonymous said:
Medicis employees thought they would get 3 months notice, nope, most got less then a day notice.
Click to expand...

Alcon, under the Novartis system, layed off around 250 sales reps and managers this past January and only gave 24 hrs notice. It's over, our fate has already been determined. If your making sales calls from now till August 7th, you're completely delusional.
 






Yes, August 6th is the date and the carnage is going to be pretty brutal.

Valeant as a company will need to keep acquiring other firms (and slashing payrolls) to keep their head above water to service the debt.

This company is a darling of Wall Street now for it gives the bankers/lawyers more $$ in their pockets. Soon the euphoria will fade, and people will see this firm for what it really is.

But then again, what does Pearson care? He's already guaranteed millions regardless what the company does.

Good luck everyone.
 






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