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Ciba-Geigy and Sandoz merged in $27 billion deal
13 Jul 1999
Executive Summary
Ciba-Giegy and Sandoz merged creating the number 2 drug company (behind Glaxo Wellcome) in a $27 billion stock swap. The combined company called Novartis will have estimated annual sales of $27.27bn (36bn Swiss francs) in 1997.
Deal Industry
- Pharmaceuticals
Deal Status
- Final
Deal Type
-
Acquisition
- Full Acquisition
- Payment Includes Stock
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Ciba-Geigy and Sandoz merged in $27 billion deal
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