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DewDiligence

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DewDiligence

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Re: DewDiligence post# 227059

Monday, 11/25/2019 8:11:25 PM

Monday, November 25, 2019 8:11:25 PM

Post# of 257302
NVS-MDCO addendum: The effective deal value is $9.0B (rather than the $9.7B nominal value) because MDCO has $200M in net cash and NVS will receive a $500M NPV tax benefit from MDCO’s NOLs (according to NVS’ CFO on today’s CC).

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

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