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Alpharma Rethinks King's Bid, Agrees to be Acquired for $1.6B

By Jennifer Boggs


Tuesday, November 25, 2008
Two months after urging shareholders to reject a $37-per-share offer from King Pharmaceuticals Inc., Alpharma Inc. changed its mind and agreed to the merger, which values the specialty pharma firm at about $1.6 billion. (BioWorld Today)

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