GREY:NOVUF - Post by User
Post by
Iching64on Sep 06, 2013 3:41pm
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Post# 21723635
conflict of interests, Ross says, "it's a great time to be an acquisitor in the kind of market we're in"
conflict of interests, Ross says, "it's a great time to be an acquisitor in the kind of market we're in"An article in The Financial Post, Sept. 5, by Rebecca Penty quotes Hugh Ross, CEO of NVS as saying,
"It's a great time to be an acquisitor in the kind of market we're in."
So why did he put NVS up for sale ?
He's is already talking about acquiring assets on the cheap ( perhaps in his new role as employee of Yangchang).
He is admitting that this is a bad time to be selling the company - that in this market he cannot get a good price for NVS.
So why is he selling NVS in "the kind of market we're in" ?
The previous poster says he was a former CEO - so would you sell your company in such a market, where you know you cannot get a fair price ?
Come on now, no CEO who is competent or has the interests of the shareholders in mind would try to sell their company in an "acquisitor" friendly market where they know they cannot get a good price.
Give us a break. I say conflict of interests.