October 14, 2024 10:40 GMT
HEALTHCARE: H.Lundbeck (LUNDC: BBB-): M&A
HEALTHCARE
- Negative: Acquiring Longboard for $2.5bn net of cash (DKK 17bn)
- Funding through existing cash and bank financing
- Longboard does not have any revenue currently
- H Lundbeck expect to delever to <2.5x NIBD/EBITDA within 18-24 months
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