Monday, July 14, 2014

The Motley Fool: Abbott And Mylan: Winners and Winners?

Sometimes companies find that they have overlapping needs, and such was the case recently in the drug world. Abbott Labs (NYSE: ABT  ) was looking to reinvigorate its branded generic drug business, while Mylan (NASDAQ: MYL  ) wanted to join the parade of companies that have redomiciled in Europe to avoid taxes. The two companies came together on Monday in a $5 billion deal that will see Abbott sell its developed market drug business in a stock transaction that also gives Mylan the European tax base it wanted.

Continue reading here:
Abbott And Mylan: Winners and Winners?

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