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Merck (MRK) could be interested in acquiring Bausch & Lomb, with Merck CEO Kenneth Frazier...

Merck (MRK) could be interested in acquiring Bausch & Lomb, with Merck CEO Kenneth Frazier saying "It's something that's worth thinking about." Any bid for Bausch & Lomb, whose owner, Warburg Pincus, hopes to get at least $10B in a sale, would be something of an about-turn for Frazier, as he previously said Merck isn't interested in large pharmaceuticals acquisitions. (previous)
Comments (4)
  • taplinger
    , contributor
    Comments (212) | Send Message
     
    This is what U.S. capitalism has become: If a pharmaceutical company's stock price is stagnant and it owns a subsidiary, it sells it off to make Wall St. happy and boost share price. If it doesn't own a subsidiary, it buys one to make Wall St. happy and boost share price. Who are the winners in this zero sum game? Certainly not the employees of the subsidiary, many of whom will be downsized and never in their working lives find another job with comparable wages and benefits.
    8 Jan 2013, 10:41 AM Reply Like
  • frankyv
    , contributor
    Comments (36) | Send Message
     
    Tapbird, sheet happens in a capitalistic economic system. The best get on with their lives if downsized, the others moan like hell about whatever.
    If companies make money and want to invest it, booyah for them.
    8 Jan 2013, 01:56 PM Reply Like
  • taplinger
    , contributor
    Comments (212) | Send Message
     
    Frankyv, glad everything's gone your way, no need for compassion. Money is everything.
    9 Jan 2013, 07:51 AM Reply Like
  • frankyv
    , contributor
    Comments (36) | Send Message
     
    I'm of the theory that you can find sympathy in the dictionary. It's between sheet and syphilis. Like Nike says, just do it.
    10 Jan 2013, 08:42 AM Reply Like
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