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Archive Home > 2008 > November > 25 > King Pharmaceuticals to buy rival for $1.6B

King Pharmaceuticals to buy rival for $1.6B


November 25, 2008

NEW YORK — Alpharma Inc. has finally agreed to King Pharmaceuticals Inc.’s $1.6 billion cash takeover offer, ending the drugmakers’ months-long battle. On Monday, Bristol, Tenn.-based King said it agreed to pay $37 per share for Alpharma, representing a 54 percent....

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