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M&A rule of thumb used to be 5 x peak revenue. I think there was...

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    M&A rule of thumb used to be 5 x peak revenue.

    I think there was some modelling from ANP or one of the broker reports - but even if we take USA market with a 20 year product life....

    If Phase 2B is successful - I can't imagine why the Board would consider any sale for under $5 billion.

    My take on it.

    .
 
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