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Novartis acquires Hexal, Eon Labs for €5.65bn

Executive Summary

Novartis has agreed to acquire two generics companies for €5.65bn ($7.38bn) in cash--67.7% of Eon Labs for €1.3bn and 100% of Hexal AG, Eon's parent company, for €4.35bn. Novartis plans to buy the remainder of Eon via a tender offer of €23.73 per share (a 25% premium to Eon's trading price before the market was affected by take-over speculation).
Deal Industry
  • Pharmaceuticals
    • Generic Drugs
Deal Status
  • Final
Deal Type
  • Acquisition
    • Full Acquisition
    • Payment Includes Cash
    • Includes Contract

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