Pharma BD Deal Intelligence

Teva Pharmaceutical Industries Ltd. / Barr Pharmaceuticals

2008 · Acquisition/Merger · $7.5B · Complete

CALLED IT — OFF BY 17

Global generics consolidation succeeded operationally but fed destructive acquisition cycle

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The coverage arc

Dec 29, 2004 Wikipedia Neutral

Teva acquired Barr Pharmaceuticals for $7.5B including PLIVA operations.

Dec 19, 2008 Federal Trade Commission Neutral

FTC intervenes in Teva's proposed $8.9 billion acquisition of Barr Pharmaceuticals, requiring the sale of assets in 29 U.S. markets covering 17 generic…

Dec 23, 2008 Pharmaceutical Processing World Bullish

Teva completes the acquisition of Barr Pharmaceuticals in an $8.9 billion deal, with shareholders receiving $39.90 in cash and 0.6272 Teva ADSs per Barr share,…

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Teva Pharmaceutical Industries acquired Barr Pharmaceuticals for $39.90 cash plus 0.6272 Teva ADRs per share (~$7.5 billion equity value plus $1.5 billion assumed debt), gaining Barr's US generics portfolio including first-to-file ANDA positions, PLIVA's European operations, and a growing women's health branded portfolio (Plan B, Seasonique).

Key facts

Related deals — scored

DealYearValueOutcome
Teva Pharmaceutical Industries Ltd. / Barr Pharmaceuticals (this deal)2008$7.5B58
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Teva Pharmaceutical Industries Ltd. / Biogal Pharmaceutical199582
Teva Pharmaceutical Industries Ltd. / Sicor Inc.2003$3.4B68
Teva Pharmaceutical Industries Ltd. / Ivax Corporation2006$7.4B63
Teva Pharmaceutical Industries Ltd. / Novopharm Limited2000$600M62
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