So if its NPV is $1.5b , the market should not analyse this deal as being "below expectations". In the past, the market was sceptical of lnc ever achieving a sale of this magnitude. Well now it appears to have achieved this, albeit in a slightly different format to $1.5 b upfront.
And they apparently can monetise the royalty stream.
So can anyone please explain to me some of the "disappointment" expressed by some posters on hc?
Because it's got me stumped.Then again, you can never please everyone.
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So if its NPV is $1.5b , the market should not analyse this deal...
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