Hobson’s Papa
1 November 2016
Email
Share
Selling the Salix unit for $10 bln would be Joseph Papa’s first big move since taking the reins. It would help pay down the drug giant’s whopping debt. But it would also reduce desperately needed future cash flows. Papa needs to prove he can do more than preside over a fire sale.
This content is for Subscribers only
To access full Breakingviews.com content you must be a subscriber. Please use the following link to request a trial.