May 03, 2011 at 13:43 PM EDT
Pharma Asset Sales and Split-Ups Could Unlock Value but Weaken Credit Profiles
While drug-makers face increasing pressure to divest non-pharmaceutical businesses, selling assets may undermine credit ratings by reducing business diversity and scale, according to a new report from Moody’s Investors Service. As share prices remain depressed some pharma giants may sell assets in order to fund share repurchases and dividends, while others may [...]
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