Now that Sun Pharma is short on cash, can it loot Taro’s cash, with the “permission” of “Independent “ Taro’s board, of course?
The Rupee is down; Sun has to pay Pfizer $550M settlement fees to Pfizer to settle a US federal trial for the infringement of patent laws over Protonix.
In short, Sun is short on cash. Taro has it (~600M, estimate as of June 30, 13) – It is obvious that Sun would not let Taro deploy this cash to the benefit of all Shareholders (no acquisition, no dividend, no buyback.)
Is Sun planning on looting Taro’s cash with a scheme that will benefit Sun and Screw up minority? – I believe Taro’s board is capable of screwing its minority, like it did so far.