Home » BELGIUM'S UCB AGREES TO BUY SCHWARZ PHARMA FOR $5.6 BILLION
BELGIUM'S UCB AGREES TO BUY SCHWARZ PHARMA FOR $5.6 BILLION
Belgium's UCB on Monday said it agreed to pay $5.6 billion for Germany's Schwarz Pharma, the third multibillion-dollar takeover in the European pharmaceutical industry in the past five days. UCB said it's paying 4.4 billion euros in cash and shares, representing a 20% premium to Friday's close, for Schwarz Pharma.
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KEYWORDS Daily International Pharma Alert
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21Oct