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Teva/Ivax Deal

This article was originally published in The Tan Sheet

Executive Summary

Teva Pharmaceuticals' acquisition of fellow generics firm Ivax is expected to close on Jan. 12, 2006, the firms state in a joint release Dec. 23. The Israeli firm Teva and the Miami, Fla.-based Ivax have now signed a consent order for submission to FTC, which is "the last remaining regulatory condition to the consummation of the transaction," the release states. The deal cannot close until FTC approves a consent order, they note. The planned acquisition was announced in July 2005 ("The Tan Sheet" Aug. 1, 2005, p. 11)...

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