Mylan's (MYL) Acqusition of Certain Abbott (ABT) Assets is Credit-Positive Development - Moody's
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Mylan (MYL) to Acquire Abbott's (ABT) non-U.S. Developed Markets Branded Unit in $5.3B Deal
July 14, 2014 6:32 AM EDTMylan Inc. (Nasdaq: MYL) announced that it has entered into a definitive agreement with Abbott (NYSE: ABT) whereby Mylan will acquire Abbott's non-U.S. developed markets specialty and branded generics business ("the Assets") in an all-stock transaction. Upon closing, Abbott will receive 105 million shares of the combined company worth approximately $5.3 billion based on Mylan's closing price of $50.20 on Friday, July 11, 2014, representing an approximately 21% ownership stake. The transaction will instantly further diversify Mylan's business and strengthen its commercial platform outside the U.S., building new opportunities for growth... More
