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Most mergers don't pay off
2014-11-27 05:10:00| Biotech - Topix.net
When pharmaceuticals giant Actavis said it was buying Allergan Inc. and Halliburton said it would take over rival oil-field servicer Baker Hughes, Wall Street rang up a rare $100-billion deal day that pushed the total value of mergers globally to more than $3.2 trillion for the year, according to banking research firm Dealogic. "This acquisition creates the fastest-growing and most dynamic growth pharmaceutical company in global healthcare," said Actavis Chief Executive Brent Saunders.
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Category:Biotechnology and Pharmaceuticals
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