Tuesday, November 25, 2008

King Pharma to acquire Alpharma for around $1.6 bn

King Pharmaceuticals, Inc and Alpharma Inc announced that the two companies have signed a definitive merger agreement under which King will acquire all of the outstanding shares of Class A Common Stock of Alpharma for $37.00 per share in cash for a total equity value of approximately $1.6 billion. The Boards of Directors of both companies have unanimously approved the transaction.

The details can be read here.

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