Teva closes Cephalon acquisition after agreeing to divestitures | Practical Law

Teva closes Cephalon acquisition after agreeing to divestitures | Practical Law

On 14 October 2011, Teva Pharmaceutical Industries Ltd. (Teva) obtained conditional antitrust clearance from the European Commission and completed its US$6.8 billion acquisition of Cephalon. The deal closed one week after the US Federal Trade Commission (FTC) announced that Teva had agreed to divest a generic cancer pain drug and muscle relaxant. Additionally, the FTC is requiring Teva to enter into a supply agreement for a generic version of its narcolepsy drug Provigil in the US.

Teva closes Cephalon acquisition after agreeing to divestitures

Practical Law UK Legal Update 3-510-4109 (Approx. 3 pages)

Teva closes Cephalon acquisition after agreeing to divestitures

by Practical Law
Law stated as at 14 Oct 2011USA (National/Federal)
On 14 October 2011, Teva Pharmaceutical Industries Ltd. (Teva) obtained conditional antitrust clearance from the European Commission and completed its US$6.8 billion acquisition of Cephalon. The deal closed one week after the US Federal Trade Commission (FTC) announced that Teva had agreed to divest a generic cancer pain drug and muscle relaxant. Additionally, the FTC is requiring Teva to enter into a supply agreement for a generic version of its narcolepsy drug Provigil in the US.