Cephalon, Inc. (CEPH) said it has signed an agreement to acquire Mepha AG and its subsidiaries. Under the terms of the agreement, Cephalon will purchase Mepha AG for CHF 622.5 million, or an estimated US$590 million, from the Merckle family-owned Mepha Holding AG, subject to adjustments upon closing. The transaction is expected to close in the next 10-12 weeks upon completion of certain closing conditions, including receipt of applicable antitrust approvals.
Cephalon expects that the acquisition will be accretive to adjusted earnings per share in 2010 and will update its 2010 guidance when it reports full year 2009 financial results on February 11, 2010. Meanwhile, the company withdraws its full year 2010 guidance issued on October 27, 2009.
For comments and feedback: editorial@rttnews.com