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Stock impact report

Fresenius picks up M&A pace with Akorn, Merck KGaA deals [Reuters]

AKORN (AKRX) 
Last akorn earnings: 10/31 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investors.akorn.com
Company Research Source: Reuters
FILE PHOTO: The Fresenius SE headquarters are pictured in Bad Homburg near Frankfurt, Germany February 22, 2017. REUTERS/Ralph Orlowski By Ludwig Burger | FRANKFURT FRANKFURT German healthcare group Fresenius SE & Co KGaA ( FREG.DE ) has stepped up its dealmaking, agreeing to buy U.S. generic drugmaker Akorn Inc ( AKRX.O ) for $4.75 billion (4.37 billion euros) and the biosimilars arm of Germany's Merck KGaA. Takeovers were part of Fresenius's growth strategy under previous boss Ulf Mark Schneider, now leading Nestle ( NESN.S ). But his successor, former finance chief Stephan Sturm, is lifting the pace, having already bought a Spanish hospital chain for 5.8 billion euros since taking over in June. The latest deals are in keeping with Fresenius's focus on drugs that have lost patent protection, but also mark a foray into new dosage for Show less Read more
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