To give a quick background on the deal, the various options for the deal. Post the deal, there were a lot of questions of whether the transaction reflected the best value for the shareholders. Was Piramal better off spinning of the unit to be sold into a separate market entity and having Abbott go through an open tender?
My take on this --- the offer price would have been a lot lower than the 9X EV/sales and 30X EV/EBITDA multiple that Piramal got for the unit.
I am going to point to a third part legal and tax consulting firm that put out a report on the Abbott and Piramal deal as soon as it was done.
It was a very interesting read. (Link from Nithin Desai Associates website)
My take on this --- the offer price would have been a lot lower than the 9X EV/sales and 30X EV/EBITDA multiple that Piramal got for the unit.
I am going to point to a third part legal and tax consulting firm that put out a report on the Abbott and Piramal deal as soon as it was done.
It was a very interesting read. (Link from Nithin Desai Associates website)
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