Mylan signs UDL Labs buying agreement
- Mylan Pharmaceutical has signed a definitive agreement to buy UDL Laboratories, a supplier of unit dose generic drugs to the institutional and long-term care markets. The transaction, which is expected to be completed by early 1996, will be in the form of a tax-free reorganization, with Mylan acquiring UDL for around $47 million, payable in Mylan common shares.
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