EU OKs $4.9B Teva-Ratiopharm Deal, With Caveats

Law360, New York (August 4, 2010, 2:21 PM EDT) -- Teva Pharmaceutical Industries Ltd. has won the European Commission's blessing to proceed with its $4.93 billion purchase of German generic-drug manufacturer Ratiopharm GmbH by agreeing to a sell-off of assets in the Netherlands and Hungary.

Israel-based Teva will say goodbye to a number of Ratiopharm products, including Ratiopharm's entire distribution business in the Netherlands and the painkiller Tramadol in Hungary, in order to receive go-ahead from European regulators for the merger.

In the Netherlands, the commission found "that competition concerns would arise for a number of...
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