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Axcan to buy Eurand for $583 million

This article was originally published in Scrip

Executive Summary

Axcan is to acquire partner Eurand, a Dutch-based speciality pharma firm, for $583 million in cash, or $12 per share. The offer is a 9% premium over Eurand's close prior to the deal being announced and a 31% premium to its share price 90 days ago.

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