no money down
The culprit bribed state-owned hospitals from Greece to Vietnam to buy its drugs and did not keep records of the bribes. The agreement is for payment of $350 million in exchange for no prosecution.
The company has a market capitalization of $ 212 billion, revenue of $50 billion, net income of $7.5 billion, and a 24 % net margin. The penalty is 5% of trailing income and less than two-tenths of one percent of the market value.
Another way to look at it is $.20 move in the 2 billion shares outstanding equals the penalty.
Parenthetically the GDP of Greece is $250 billion. A better idea may have been to LBO the country
The culprit bribed state-owned hospitals from Greece to Vietnam to buy its drugs and did not keep records of the bribes. The agreement is for payment of $350 million in exchange for no prosecution.
The company has a market capitalization of $ 212 billion, revenue of $50 billion, net income of $7.5 billion, and a 24 % net margin. The penalty is 5% of trailing income and less than two-tenths of one percent of the market value.
Another way to look at it is $.20 move in the 2 billion shares outstanding equals the penalty.
Parenthetically the GDP of Greece is $250 billion. A better idea may have been to LBO the country
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