Acino Holding Ltd to Buy Cephalon, Inc. (CEPH) Units For EU 80 Million Cash, Shares
10/17/2011 8:11:57 AM
Acino and Cephalon Inc. has entered into an agreement under which Acino will acquire Cephalon's combined Middle East and African business for a total consideration of approximately 80 million euros. Under the terms of the agreement, Acino will pay 60 million euros in cash and 20 million euros through the issuance of shares from authorized capital (calculated at the average share price on the day prior to the closing of the transaction). Acino expects the acquisition to be immediately accretive.