I think NVS is shorting MNTA shares aggressively in Europe so they can try to steal the company at an unconscionably low price. A side benefit for NVS is that, if caught, they can tell Alcon’s angry minority shareholders, “Stop whining! We didn’t treat you guys as badly as we treated the people from Momenta.”
:- )
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”