BUSINESS
India’s Sun Pharma to Acquire Ranbaxy via Equity Swap Deal, Taking Ranbaxy Off Daiichi Sankyo Scorecard
Daiichi Sankyo said on April 7 that major Indian generic maker Sun Pharmaceutical Industries will acquire its Indian subsidiary Ranbaxy Laboratories in a share swap deal. Under the deal, Daiichi Sankyo’s entire 63.4% stake in Ranbaxy will be transferred to…
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