King Pharmaceuticals Inc. / Jones Pharma Incorporated
2000 · Acquisition/Merger · $3.4B · Complete
Announcement Sentiment
71
Positive
King Pharmaceuticals announced an all-stock acquisition of Jones Pharma valued at ~$3.4B at announcement (recorded as ~$2.4B pooling at close). Each Jones share exchanged for 1.5 King shares. Brought thyroid franchise and an experienced specialty sales force. Closed Aug 31, 2000.