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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.

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