Amgen’s $70B in ‘deal capacity’ post-tax reform puts the spotlight on 'big things' in M&A — analyst
With tax reform bolstering its 2018 projections and $27 billion burning a hole in its pocket, at least one prominent analyst says Amgen $AMGN looks to have a war chest for deals that could provide up to $70 billion in “deal capacity.”
That gives the company lots of ammunition for the M&A battle to come, and right now the focus is on parsing CEO Bob Bradway’s remarks about acquisitions in his call with analysts Thursday evening.
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