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Top Mergers and Acquisitions in 2014 (cont.)

04
May

Price: $20 billion

novartis Top Mergers and Acquisitions in 2014 (cont.) Blog

The pharmaceutical industry saw a flurry of mergers and acquisitions this year, but none was more complicated than this one. Novartis AG (NVS) and GlaxoSmithKline (GSK) agreed to swap $20 billion in assets in what amounted to major restructurings for both firms.

Novartis bought GlaxoSmithKline’s cancer drug business, GSK took Novartis’s vaccine business, and the companies agreed to combine their respective over-the-counter and consumer drug businesses

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