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Otsuka Of Japan Reveals Plan To Buy Other Pharmas With IPO Funds

This article was originally published in PharmAsia News

Executive Summary

Japan's Otsuka Holdings is telling would-be investors it plans to acquire other pharmaceutical firms with the funds it hopes to garner from an initial public offering. Two sources briefed on the IPO plans said Otsuka also plans to buy health-food businesses and to issue a dividend as soon as it is listed on the stock exchange. CEO Tatsuo Higuchi disclosed the plans in a closed briefing for investors and analysts, the sources said. (Click here for more)

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