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Teva buys Copley for $220mm in cash

Executive Summary

Israel's largest pharmaceutical company, Teva Pharmaceutical, is buying US generics company Copley for $220mm, paying $11 a share, a (pr)16.8% premium. Hoechst, which owns 52% of Copley, has agreed to sell its stake. Copley had sales last year of $133.5mm, and its net income was just over $10mm.
Deal Industry
  • Pharmaceuticals
    • Generic Drugs
Deal Status
  • Final
Deal Type
  • Acquisition
    • Payment Includes Cash
    • Full Acquisition

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