Daily Management Review

Teva to Purchase Allergan


Israeli pharmaceutical company Teva Pharmaceutical Industries announced an agreement to purchase generics division of the American company Allergan Plc for 40.5 billion dollars.

Nati Shohat/Flash90
Nati Shohat/Flash90
According to Teva’s press release, the boards of directors of both companies unanimously approved the transaction. Allergan will receive 33.75 billion dollars in cash and US $ 6.75 billion in Teva’s shares upon completion. The transaction is expected to be completed in the I quarter of 2016.

According to Teva’s analysts, sales volume of the combined company after the transaction, completed in 2016, will be about $ 26 billion. According to some estimates, the absorption Allergan’s generics business by Teva will be the biggest deal for the Israeli companies.

In addition, on Monday, July 27, Teva also announced the cancellation of the proposal for the absorption of pharmaceutical company Mylan. As previously announced, Teva was willing to pay 41 billion dollars for the absorption of Mylan.
Teva is the world's largest pharmaceutical company for the production of generic drugs, the company owns more than 40 companies for the production of medicines in Europe, Israel and the United States.


Science & Technology

Germany Introduces The First Ever Train To Run On 100% Hydrogen

Germany Plans On Cyber Security Research To End Reliance On U.S. Tech

Fuchsia will kill Android by 2023: Top 5 facts about the new OS

New Study Finds Goats Interact More With Happy People

More than 32 thousand "smart" houses under threat of hacker attack

Internet addiction and children: Global plague

Apple takes up to develop Apple Watch for health monitoring

Hyperloop is growing in Europe

Analysts: US gamers prefer mobile games

Google Assistant Winner Of Head-To-Head Test Of Digital Assistants, Beats Siri And Alexa

World Politics

World & Politics

Ex-Brexit Minister Said A ‘Reset’ Is Needed For Brexit Talks

10 countries with the best healthcare systems

Foreign Experts To Be Allowed By North Korea For Permanent Destruction Of Missile Sites

Ireland recovers €14.3 billion from Apple

Is China going to cancel its birth limit policy?

The US is ready to start negotiations with China

US and China start 5G race

Is Czech Republic posing a threat to the European Union?