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Generic drugs firm Akorn confirms takeover talks with Germany’s Fresenius
US generic drugs manufacturer Akorn Inc (NASDAQ:AKRX) has confirmed it is in takeover talks with German healthcare firm Fresenius SE.
In separate statements, both companies said there was no certainty the discussions would lead to a deal.
Illinois-based Akorn – which had sales of US$1.1bn last year – has a current market cap of about US$3.7bn.
Asthma to heart medicines …
The Nasdaq-listed group makes branded and generic versions of ophthalmic, injectable and non-injectable drugs with manufacturing facilities in the US and outside the country.
Its biggest brand-name drugs include asthma treatment, Xopenex and heart medicine, Akten.
In premarket trading, Akorn shares were over 12% higher at US$33.45 each, having soared 18% higher on Friday having following reports of a bid.
Story by ProactiveInvestors
Source: http://www.proactiveinvestors.com/companies/news/176230/generic-drugs-firm-akorn-confirms-takeover-talks-with-germany-s-fresenius-176230.html
