BMO’s Gary Nachman contends that the sale of Salix “could be a good strategic move” for Valeant Pharmaceuticals International (VRX). He explains why:
News reports from WSJ have indicated that Valeant is in advanced talks to sell the Salix business for ~$10bn (may include $8.5bn cash and future royalties). If true, we believe this could potentially be a strategically smart....More>>>
Apple (NASDAQ:AAPL) supplier Taiwan Semiconductor Manufacturing(TSMC) will reportedly start producing the A11 chip for the next iPhone family in April, according to a leak from Chinese news outlet Economic Daily News (via MacRumors). The report also indicates that TSMC is targeting a production run of 50 million A11 chips before July, as Apple doesn’t want to run into supply chain issues.
Grupo Financiero Santander Mexico (NYSE:BSMX) is the third-largest financial group in Mexico based on total assets. As of September 30, 2016, the company had USD31.0bn in loans (14% market share) and USD30.5bn in deposits (14% market share). The group’s operations are divided through its two principal subsidiaries: Banco Santander Mexico, a commercial bank, and Casa....More>>>