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DewDiligence

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Re: ronpopeil post# 235177

Monday, 10/19/2020 9:27:20 AM

Monday, October 19, 2020 9:27:20 AM

Post# of 257375
ENDP acquires BSTC for $88.50 cash—a 44% premium to Friday’s close:

https://finance.yahoo.com/news/endo-acquire-biospecifics-enhance-profitability-113000628.html

The nominal deal value is $540M.

Based on a 2004 collaboration, ENDO has been marketing Xiaflex and Quo and paying sales royalties to BSTC, so today’s transaction is essentially a financial consolidation.

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

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