Teva lays out $2.3 billion to acquire Mexico’s Rimsa
Shares of Israeli drugmaker Teva Pharmaceutical Industries (NYSE: TEVA) closed up 3.6% at $58.50 yesterday, after the company revealed it has entered into definitive agreements to acquire Representaciones e Investigaciones Médicas (Rimsa).
Rimsa is a leading pharmaceutical manufacturing and distribution company in Mexico, along with a portfolio of products and companies, intellectual property, assets and pharmaceutical patents in Latin America and Europe. The deal is a debt-free, cash free set of transactions, for an aggregate of $2.3 billion.
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