When does Valeant officially own B+L?

[Anonymous]

With all the rumors of massive cutbacks I am wondering when Valeant officially owns B+L.

 

[Anonymous]

its not official until august. then there will be a company wide meeting in sept. hope this helps

 

[Anonymous]

its not official until august. then there will be a company wide meeting in sept. hope this helps

What is all this talk about the September meeting? Where did this come from and is there any proof of it? No one in my entire department has heard anything about it, outside of Cafepharma

 

[Anonymous]

It's a rumor. There is no proof of it. No one here heard of it either.

 

[Anonymous]

this information about the meeting was told to me and three other individuals by someone VERY credible

 

[Anonymous]

this information about the meeting was told to me and three other individuals by someone VERY credible

Email confirmation now sent. Nothing to happen until then.

 

[Anonymous]

Email confirmation now sent. Nothing to happen until then.

Valeant can certainly wait until Sept 23 before they make the cuts. Owning a company for one month to assess the employees and the business before making drastic changes is not unreasonable. It is also good to tell the employees as soon as possible whether they have a job moving forward or not. Why drag it out or eliminate a few people every week for many years. Slow layoffs are just a continuous distraction for the employees and reduces productivity.

Make reasonable cuts right away. Identify the employees that will remain and support them and motivate them moving forward so that their productivity is high. All of this may happen on Sept. 23.

 

[Anonymous]

Valeant can certainly wait until Sept 23 before they make the cuts. Owning a company for one month to assess the employees and the business before making drastic changes is not unreasonable. It is also good to tell the employees as soon as possible whether they have a job moving forward or not. Why drag it out or eliminate a few people every week for many years. Slow layoffs are just a continuous distraction for the employees and reduces productivity.

Make reasonable cuts right away. Identify the employees that will remain and support them and motivate them moving forward so that their productivity is high. All of this may happen on Sept. 23.

What? Please, do share your drugs with the rest of us!

 

[Anonymous]

What? Please, do share your drugs with the rest of us!

Hahahaha... Indeed.

 

[Anonymous]

Valeant filed an 8-K with the SEC today stating a deadline for the acquisition of November 24th. If the merger doesn't take place by then, Valeant will be required to redeem the bonds they sold to finance the acquisition at 100% of the issue price, plus accrued and unpaid interest.
http://ir.valeant.com/investor-relations/SEC-Filings/default.aspx

 

[Anonymous]

Just had a department meeting today where our director told us the merge was happening at the end of JULY and we might be challenged to reduce costs. I don't see how B+L being 50% over SG+A would be a "might" but a "must".

 

[Anonymous]

Valeant filed an 8-K with the SEC today stating a deadline for the acquisition of November 24th. If the merger doesn't take place by then, Valeant will be required to redeem the bonds they sold to finance the acquisition at 100% of the issue price, plus accrued and unpaid interest.
http://ir.valeant.com/investor-relations/SEC-Filings/default.aspx[/]

Actually, that's an interesting one:

(a) If (x) the Bausch & Lomb Acquisition has not been consummated or the other conditions to the Escrow Release have not been satisfied on or prior to the Deadline or (y) if the Company shall prior to the Deadline notify the Trustee and the Escrow Agent in writing of the Company’s or Parent’s announcement that the Bausch & Lomb Acquisition Agreement has been terminated or that it will not pursue the consummation of the Bausch & Lomb Acquisition, the Company will, on a day not more than three Business Days following the Deadline or the date of such notice, as applicable (such date, the “ Special Mandatory Redemption Date ”), redeem all of the Securities (the “ Special Mandatory Redemption ”) at a price equal to 100% of the principal amount of the Securities, plus accrued and unpaid interest from the Issue Date (the “ Special Mandatory Redemption Price ”). Notice of the Special Mandatory Redemption will be mailed by the Company promptly to each Holder at its registered address, the Trustee and the Escrow Agent.