Farce: Valeant Rejected Takeda and TPG Bid in the Spring

Yeah, they also rejected my bid for $00.00 too– but didn’t hear them leaking that to the press. This is blatant propaganda by new CEO, Mr. Potato Head, in order to try to gain buoyancy for his pathetic shares. Bear in mind, VRX is a broken company with the fucking wheels clean off the vehicle. With $30 billion in debt, VRX desperately needs access to the credit markets and equity.

Aside from rejecting the crazy Japanese from buying their sinkhole, they also told the $70 billion investment firm, TPG, to fuck off. I suppose they’re more interested in barreling towards bankruptcy in a giant ball of flames, instead of whimpering out with some mercy, Wall Street 2, takeover bid.

A nice secondary at $50 wouldn’t kill anyone.

TPG, whose main offices are in San Francisco and Fort Worth, Texas, has more than $70 billion under management and has invested in all sectors of health care, including hospitals, biotechnology firms and insurers. Valeant shares rose 6.3 percent to $28.64 in late trading. Takeda shares rose as much as 1.4 percent as of 10:08 a.m. in Tokyo.

Spokesmen for Valeant and TPG declined to comment. Representatives for Takeda didn’t immediately respond to a request for comment

Sigh.