Friday, October 01, 2010

Ajay Piramal - the $4 billion man

"There was really no pressure on us to sell and that became a strength." Approached by Abbott, he proposed a rich price and got virtually what he asked for. He received $2.12 billion up front and will get the remaining $1.6 billion in four equal installments over the next four years.

Posted via email from Jack's posterous

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