TPG to buy generic drugmaker Par for $1.9 billion

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TPG to buy generic drugmaker Par for $1.9 billion

Reuters – Private equity firm TPG said on Monday it would acquire U.S.-based Par Pharmaceutical Cos Inc for $1.9 billion, the latest acquisition in the generic drug industry. The $50-a-share deal represents a nearly 37 percent premium over Par’s closing price on Friday. Read article

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