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News

23 Jul 2012

TPG Set to Buy Par Pharmaceuticals

Generic drug maker Par Pharmaceuticals has agreed to be bought for $1.9 billion by TPG.

Private equity group TPG has agreed to purchase Par Pharmaceuticals for $1.9 billion, with shareholders receiving $50 per share in cash.

This represents a 37 per cent premium above the generic drug maker's closing share price on July 13th 2012.

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