I believe nobody will let valeant steal this cheap. Like they said, they want it "cheap" and it supports there idea of " fast growth, etc" they want to enter the market cheap but I think other players have other ideas. A company that takes over should be able to cut cost and make them profitable. Lets say 350 rev and 50 m profit next year under a takeover with current model. 1 billion bid is only 20 price to earnings with that forecast. Then they have intellectual property which might add more value. I can get to that multiple pretty easy.