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Business News/ Companies / Mylan to buy Abbott’s non-US specialty, branded generics assets
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Mylan to buy Abbott’s non-US specialty, branded generics assets

Reuters

The all-stock transaction is valued at about $5.3 billion

Abbott will receive 105 million shares of the combined company worth. Photo: BloombergPremium
Abbott will receive 105 million shares of the combined company worth. Photo: Bloomberg

Generic drug maker Mylan Inc. said it would buy Abbott Laboratories’ specialty and branded generics business outside the US in an all-stock transaction valued at about $5.3 billion.

Abbott will receive 105 million shares of the combined company worth.

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Published: 14 Jul 2014, 04:47 PM IST
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