Topic:

M&A

Latest Headlines

Latest Headlines

Treasury's crackdown on inversion could scupper Medtronic-Covidien deal

Treasury Secretary Jacob Lew yesterday unveiled a plethora reforms to make tax inversion more difficult and less attractive, potentially killing a plethora of pending mergers with foreign companies, including Medtronic's $43 billion tie-up with Ireland's Covidien. 

Auxilium says Endo offer not enough to break off with QLT

And so the M&A dance begins. Auxilium Pharmaceuticals today turned its back on a $2.2 billion buyout offer it received last week from Endo Pharmaceutical and said it would stick instead with its plan to merge with Canadian eye-drug maker QLT.

Auxilium shakes off Endo's $2.2B offer and affirms its eye on QLT

Auxilium Pharmaceuticals has no intention of accepting a multibillion-dollar bid from Endo, the company said, preferring to stay the course and pull off an en-vogue tax inversion as it looks to cut costs.

Merck KGaA declares $17B Sigma purchase 'quantum leap' as drug biz struggles

Speculation has been brewing all year about the prospect of Germany's Merck KGaA turning to M&A to bolster its unproductive drug pipeline, and today the company confirmed it has struck a deal, agreeing to buy Sigma-Aldrich for $17 billion.

Merck KGaA bags Sigma-Aldrich's global lab services, manufacturing ops in $17B buyout

Merck KGaA has come up with its long-awaited buyout deal, acquiring the life sciences services outfit Sigma-Aldrich for $17 billion.

Packaging outfit PCI buys trial supplier Biotec

PCI, a contract pharma packaging company, has snapped up clinical trial supply operation Biotec, expanding its footprint across all phases of drug development.

Analysts: Bayer could use plastics proceeds to fund a deal for Zoetis

Now that Bayer has announced a planned spinoff of its plastics business, all eyes are on what it may do with the proceeds. And the way some analysts see it, that money could go toward a pickup of animal health company Zoetis.

Inversion pushback won't scare Horizon Pharma out of Ireland move

Who's afraid of a tax-inversion crackdown? Not Illinois-based Horizon Pharma, which plans to move its corporate address to Ireland today.

Endo CEO touts 'exciting' $2.2B bid for Auxilium, but his target may not agree

Endo's got a deal for Auxilium Pharmaceuticals in mind. CEO Rajiv De Silva thinks it could be a home run, and analysts seem to agree. Auxilium, however, needs some time to think it over, and it's swallowed a poison pill to make sure it gets just that.

Medtronic unloads instrument lines to Integra for $60M

In its latest product acquisition, Integra LifeSciences is buying instrumentation lines from Medtronic for $60 million in cash. These include about 4,000 MicroFrance and Xomed manual ENT and laparoscopic surgical instruments. The surgical products company will also gain a manufacturing facility in St. Aubin le Monial, France.