28 July 2015
Great deal occurs in the area of the international pharmaceutical industry as the Israeli Teva Pharmaceuticals Industries announced the procceds for buying the unit of the generics market Allergan, for 40.5 billion dollars.
According to Bloomberg, Teva will pay 33.75 billion dollars in cash for Allergan and offers also other 6.7 billion in shares, as stated by the Israeli company.
The agreement was unanimously approved by the boards of both companies and is expected to be completed in the first quarter of 2016.
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