Pharma BD Deal Intelligence

Mylan Laboratories Inc. / King Pharmaceuticals Inc.

2004 · Acquisition/Merger · $4.0B · Terminated

Outcome grade pending — assessed 5 years post-close.

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The coverage arc

Jul 26, 2004 King Pharmaceuticals Form 425 (employee letter, SEC EDGAR) Bullish

King CEO Brian Markison: "the combination of these two companies' strong and complementary business models, we will create the nation's leading diversified…

Feb 27, 2005 Mylan/King Joint Press Release, Form 8-K Ex-99.1 (SEC EDGAR) Bearish

"Mylan Laboratories Inc. and King Pharmaceuticals, Inc. today announced that the companies have mutually agreed to terminate the agreement... Following…

Mar 01, 2005 The Pharma Letter Bearish

Icahn called the collapse 'a victory for all Mylan shareholders and a victory for shareholder activism in general,' having previously labeled the deal 'stupid'…

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Stock-for-stock; 0.9 Mylan shares per King share; $16.659/King share; deal terminated February 2005

Key facts

Related deals — scored

DealYearValueOutcome
Mylan Laboratories Inc. / King Pharmaceuticals Inc. (this deal)2004$4.0B
Mylan Laboratories Inc. / Merck Generics (Merck KGaA)2007$6.7B81
Mylan Laboratories Inc. / Matrix Laboratories Limited2006$736M66
Mylan Laboratories Inc. / Matrix Laboratories Limited2005$736M39
UCB SA / Celltech Group plc2004$2.7B92
Yamanouchi Pharmaceutical / Fujisawa Pharmaceutical Co. Ltd.2004$7.6B84
Abbott Laboratories / TheraSense Inc.2004$1.2B81

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