Actavis to acquire UK generics firm Auden Mckenzie
Ireland-headquartered generic major Actavis (NYSE: ACT) said today that it has reached agreement to acquire UK-based Auden Mckenzie, a dynamic and fast growing company focused on the development, licensing and marketing of niche generic medicines and proprietary brands in the UK.
Actavis will acquire Auden Mckenzie for around £306 million ($460 million) in cash, plus a two-year royalty on a percentage of gross profits of one of Auden Mckenzie's products. The company will be acquired on a debt free basis, and the transaction will exclude Auden Mckenzie's real estate portfolio.
Combined company will be number one generics supplier in UK
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