22
Apr
2015
Teva Pharmaceutical offers to buy Mylan for $40.1 bn
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Israel’s Teva Pharmaceutical Tuesday launched an unsolicited bid to buy Mylan for $40.1 billion in a transaction that would create a behemoth in generic drugs.
Under the offer, Mylan shareholders would receive a premium of 37.7 percent compared with the Mylan stock price of $59.57 prior to its April 8 bid for Perrigo, Teva said.
Quick Look at the Facts and Figues
Mylan | Teva Pharmaceutical Industrues | |
2014 Revenue | $ 7.6 Billion | $20.6 Billion |
2014 Net Income | $ 929.4 Million | $ 3.1 Billion |
HQ | Netherland | Ireland |
Employees | 30000 | 40000 |
What if the deal works:
Combining Israel-based Teva, the world’s largest generic drug maker, with Mylan, the third largest, would create a company with nearly $30 billion in revenue and more than 400 drugs awaiting regulatory approval. Teva expects a merger would generate $2 billion in synergies and tax savings.