February 27, 2013 at 16:56 PM EST
Mylan to Buy Agila from Strides for $1.6B in Cash
Mylan Inc. (Nasdaq: MYL ) today announced that it has signed a definitive agreement to acquire Agila Specialties Private Limited, a developer, manufacturer and marketer of high-quality generic injectable products, from Strides Arcolab Limited (BSE: 532531, NSE: STAR) for $1.6 billion in cash. The acquisition of Agila will create a global injectables leader, significantly
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