Merger set for Iceland's Omega Farma and Delta
Icelandic drugmakers Omega Farma and Delta have agreed to merge, subjectto certain due-diligence activities. The firms' directors hope to finalize the deal in March and say the merger would create Iceland's largest pharmaceutical company, with sales of some $102 million for the current year.
Under the terms of the agreement, owners of Omega would receive 26% of Delta's shares as payment and Omega would then become a subsididary of Delta.
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