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Multinational Suitors Queue Up As India's Paras Pharma Valuation Shoots Above $1 Billion

This article was originally published in The Pink Sheet Daily

Executive Summary

Among expected MNC bidders in the equity holding are GlaxoSmithKline, which is likely represented by Merrill Lynch; and Sanofi-Aventis, which is said to have mandated London-headquartered Rothschild to assist with its bid. Novartis and Johnson & Johnson are also considered to be potential buyers.
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