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Teva/Ivax acquisition closes

Executive Summary

Teva completes $7.4 bil. acquisition of Ivax Jan. 26. The deal, announced in July 2005, makes Teva the world's largest generic pharmaceutical firm (1"The Pink Sheet" Aug. 1, 2005, p. 19). Teva said it "expects the acquisition to become accretive by the end of the first year." As part of FTC-ordered divestitures, to be completed by Feb. 5, Teva will sell 11 products to Par and four to Barr; all 15 products will be supplied by Teva until the companies can manufacturer the products independently...

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