American Home Products Corporation / American Cyanamid Company
1994 · Acquisition/Merger · $9.7B · Complete
Announcement Sentiment
58
Neutral / mixed
Outcome Score
83
Worked — the deal delivered on its rationale.
American Home Products acquired American Cyanamid for approximately $9.7 billion in cash ($95/share), then the second-largest industrial acquisition in U.S. history. The deal gave AHP access to Cyanamid's strong agricultural chemicals and pharmaceutical pipeline, including the Lederle Laboratories division.