Novartis (NVS)

[Ecomike]

DD, do you know what if anything NVS got out of the Alcon IPO spin off?

Reduced debt?
Did NVS sell any Alcon shares and thus raise cash?

I know NVS shareholders got Alcon shares, and they exploded in price in 24 hours.

I presume NVS gave revenue and some profit in the Alcon spin off, so why did they do they spin off since shareholders of NVS got the shares???

Thought maybe you had run across the answer in your awesome DD

Seem to be a lot of moving parts in this company already this year.

Still long here.