PFE offered AGN $160B in 2015...now ABBV is paying $63?

Good gosh you guys suck.

 

In 2015, PFE was in sort of bidding war with Suckman and Filthy Pig from Vertex. Now there is no bidding war hence the low price. Now if PFE comes in with better offer, it's another story

 

Fire sale!

 

This seems like a really bad deal for Allergan shareholders.

 

It is a shareholders last chance to salvage something, AGN is in a death spiral. Damage Limitation for long term shareholders! Fast buck for hedge funds!

 

My question 'Is Allergan really in a death spiral? I know that it has fallen out of favor with the markets so the stock has taken an absolute beating but if you actually look at sales, approvals, etc, it doesn't seem to me to be as bad as what the markets seem to think.

 

The only thing that matters is what markets think. And unfortunately for us the markets think Brent Saunders blows BBC. And he does.

 

Brent and Management team lost credibility with the “Street” so the stock is being punished. AGN received $40B from Teva for the generics business and the proceeds were squandered on stock repurchases and failed M&A

 

British Broadcasting Corporation?

 

Brent was here to pull off a sale. When the Pfizer deal fell apart he was trapped. This deal is desperation. He can’t grow a company. Doesn’t know how.

One thing is for sure, as executives go, he’s young. This won’t be his last gig. If you happen to find yourself working in a company that brings Brent on as CEO - run - because that company is for sale.

 

And company ruined. He has been a major factor in the failure of companies he joins

 

Allergan is lucky to be getting 63B. In my opinion, probably worth less than a tenth of that. I saw this shit storm coming during the "blue wristband" days. AGN never invested heavily in R&D so it's future was a shitty mess to begin with. I asked to be laid off while the stock was $300+ so I could jump ship and cash out before Brent turned it into Monopoly money. Without solid R&D, Allergan was doomed. Trying to extend patents by selling it to the Navajo nation shows how much of a f*cking joke this guy is. Part of me is kinda hoping the deal doesn't go through so AGN can properly die the miserable death it deserves, instead of having toxic Brent loyalists get absorbed into another company where they'll continue to be toxic. Brent will walk away from this deal with a golden parachute and the idiots who trusted him for the last 4 years will be on the streets. I feel sorry for those people, maybe you can eBay your blue wristbands, not all at once though. --2015 laid off R&D employee

 

As a fellow 2015 layoff victim, I’d like to assure all my former colleagues that I didn’t write that post.

 

PFE was NOT part of the party in 2015. They made an offer for AGN in the fall of 2016. Get your facts straight jack ass.

 

As a former layoff victim from R&D from 2015, I wish I would have written that post!

 

Hey jackass, 2015 is correct.

 

One must remember that AGN did get $40bb for its generic business, but even taking that into account the current bid is about half the value of the PFE bid. BS was brought in to sell AGN to PFE and it all blew up. He spent WAY over $100bb buying and merging companies that are now worth a fraction of that amount. He destroyed positive corporate cultures and thousands of careers at multiple companies. But he did become the most prolific posting CEO on twitter. Great job, BS....

 

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