Scale of purchase????As some light entertainment, I offer the following.
Royal Bank of Canada has launched a $13.5-billion offer to buy HSBC Bank Canada.
So what does that tell us about a purchase price for ONCY? Not a lot.
Oncy produces a valuable, differentiated biotech product with a huge barrier to competition that can extend life in the most grave diseases. Any given bank provides services that are fundamental to modern life for customers, but they do not produce anything specific, and are subject to huge competition from all directions.
Is ONCY worth a quarter of HSBC? A tenth? A half?