Takeover talks with Bausch Health? Arbitration award soon to be expected and Cipher still discussing an agreement with Bausch.
Could these talks be about a takeover I wonder?
As we know Cipher has told us (in september?) they were in the final stages of closing a distribution deal.
Nothing since.
Then in the Q3 call we were told they are working on a tax loss deal.
Nothing since.
Pretty sure any distribution deal or tax loss deal Cipher closes would be a pain in the #ss of Bausch if they have any takeover plans.
Bausch could distribute anything Cipher has in their portfolio and could probably find ways using Ciphers tax loss.
Bausch probably would have to pay big time when the arbitrator rules. And they know it.
Better buy Cipher for a known amount and get their business and tax loss too.
I'm really starting to think that talks with Bausch are the cause of (promised) Cipher deals not being closed yet.
So, lets talk numbers. $3? ;)