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Mylan Inc to acquire Abbott Laboratories's non-U.S. developed markets specialty and branded generics business


Monday, 14 Jul 2014 06:30am EDT 

Mylan Inc:Has entered into a definitive agreement with Abbott Laboratories whereby Mylan will acquire Abbott's non-U.S. developed markets specialty and branded generics business in an all-stock transaction.Upon closing, Abbott will receive 105 million shares of the combined company worth about $5.3 billion based on Mylan's closing price of $50.20 on July 11, representing an about 21 pct ownership stake.