Just hired an expert in mergers and acquisitions but we are not for sale.......right
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Who in their right mind would want to buy or merge with Molina? What exactly are they expecting to get??? Folks keep saying it's the contracts - well, as we've seen in the news, Molina is losing those contracts left and right! These contracts are not lifetime and need to be renegotiated or renewed annually.
As our President is fond of saying... "Fake News"
I have been asking for months about Bridge Loans. This will be 2. It stated for Loans, rent, salaries, etc... I figured because with third quarter announced we were broke. We also had to pay all those severances.
If... you think Mr CEO is not looking for a buy out or merger. YOU ALL better take a look at this country.
http://markets.businessinsider.com/news/stocks/r-brief-molina-healthcare---on-dec-4-co-entered-commitment-letter-with-suntrust-bank-and-suntrust-robinson-humphrey-2017-12-1010495289
We aren’t buying or selling or taking bridge loans to pay the Molina’s. Would be nice to have conversations based on facts.
We would have to have cash acquire. We have no cash and are taking bridge loans to pay the Molina's. So.....
Is Molina looking to sell or are they looking to buy? I imagine an expert would be needed in both scenarios.