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DewDiligence

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DewDiligence

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Re: DewDiligence post# 321

Friday, 09/16/2016 3:28:27 PM

Friday, September 16, 2016 3:28:27 PM

Post# of 803
It’s official—ABT sells ophthalmology unit to JNJ for $4.3B in cash:

http://finance.yahoo.com/news/abbott-sell-abbott-medical-optics-190000916.html

Inasmuch as ABT paid $2.8B to acquire this business in 2009 (#msg-34762429), ABT made a decent profit.

The cash proceeds will help fund ABT’s planned acquisitions of STJ and ALR.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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