Before Ackman started buying AGN the value was 110. By the time Ackman stopped the value was around 142. Once Pershing made the stake public, AGN jumped to 172 and now is at 166. Ackman's average price was 126. If ValGan does not go through and Ackman started selling AGN, it will be very difficult for him to sell at an average price above 126. Hence Ackman is looking at loss if he does a fire sell.
In absence of ValGan deal, AGN falls back to 120. This represents a loss of 45 which is very close to the amount Valeant is offering as cash.
So Valeant is creating a 15 billion debt and giving money to AGN shareholders. And then Valeant is giving AGN shareholders .83 % of ValGan stock. This ValGan entity will have no pipeline and hence no blockbusters and will be saddled with 32 billion debt.
I want to know which foolish shareholder likes this deal other than Ackman
The company will sell to someone. The board doesn't care about culture history etc Why do you think they opened it up to hear more offers? They are looking for a even better deal. It's business. The old Allergan will be no more. I hope it goes to J&J at least the R&D model may stay the same.
Lots of opinions out here on this board! All the "board" experts! Don't think this deal will go through at all. That's my opinion
I hope you're right, but given Allergan's silence and lack of effort in talking shareholders out of the deal, I wonder if they are underestimating Valeant and Ackman's manipulation and bullying techniques.
According to the latest report on Valeant's meeting today, they want to call a shareholder referendum to "gauge support" and start to remove board members. Apparently, they've been holding meetings with AGN shareholders (of which many are also VRX shareholders?) and claim that many support the acquisition going through.
I think the silence is more a positive for AGN and employees than speaking out about the proposed buy. Why give VRX any idea what we are planning or thinking????? What is the point of that. AGN has been a fruitfall company for along time and you have to believe as Pyott said that they have anticipated this day for sometime and have prepared for it. If AGN wanted this deal, then you would hear AGN talking publically about it. This is a chess game at this point and the longer AGN holds off, the more it antagonises Ackman.
I think the silence is more a positive for AGN and employees than speaking out about the proposed buy. Why give VRX any idea what we are planning or thinking????? What is the point of that. AGN has been a fruitfall company for along time and you have to believe as Pyott said that they have anticipated this day for sometime and have prepared for it. If AGN wanted this deal, then you would hear AGN talking publically about it. This is a chess game at this point and the longer AGN holds off, the more it antagonises Ackman.
I'm sorry, tough to follow your train of thought. Your spelling and grammar is like reading a kindergartener.
I think the silence is more a positive for AGN and employees than speaking out about the proposed buy. Why give VRX any idea what we are planning or thinking????? What is the point of that. AGN has been a fruitfall company for along time and you have to believe as Pyott said that they have anticipated this day for sometime and have prepared for it. If AGN wanted this deal, then you would hear AGN talking publically about it. This is a chess game at this point and the longer AGN holds off, the more it antagonises Ackman.
Ok all fair arguments, but if you could give him a grade A-F for how he has handled this, what would you give him? Sanofi and JNJ are dead and our shareholders tend to lean towards making more money so that eliminates the BS poison pill. That's the problem with this company no balls! What grade would you give him?
Yes, Pyott should totally show his cards early so people on cafe pharma are appeased
