Monday, October 25, 2010

I don't want to say "I told you so", but ...

... I did comment negatively in May this year on the Piramal Health Care/Abbott deal. Most commentary at the time glowed with praise. Please click on the title to read my earlier post on the subject.

Don't want to repeat myself but this could become the norm for deals of this sort, with minority shareholders getting the short end of the stick unless regulators do something about this. Please also note that a non-compete fee has been paid to the controlling shareholders of Piramal Health Care.

Have a good week ahead!!

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