Teva buys Allergan generic drug unit for $40.5bn

GMT 09:14 2015 Monday ,27 July

Arab Today, arab today Teva buys Allergan generic drug unit for $40.5bn

Israeli pharmaceutical giant Teva
New York - Arab Today

Israeli pharmaceutical giant Teva said Monday that it was buying the generic drug business of Allergan for $40.5 billion, consolidating its position as a world leader in generics.

Teva will pay $33.75 billion in cash and offer $6.75 billion of its stock to Allergan, the company said, in a major move that will further shake up the industry.

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