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Dainippon Pharmaceutical Buying Sumitomo In $2.2 Billion Stock Deal



10/19/2005 5:12:18 PM

Dainippon Pharmaceutical Co. said Thursday it would buy the drug unit of Sumitomo Chemical Co. in a $2.2 billion stock deal designed to help the merged company stave off competition from global pharmaceutical giants and give it the heft to expand overseas.

Read at AP


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