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Abbott to acquire Latin American generic drugs producer CFR for $3 billion

11:59 AM MDT | May 19, 2014 | Natasha Alperowicz

Abbott Laboratories said on Friday that it has signed a definitive agreement to acquire Latin American pharmaceutical company CFR Pharmaceuticals (Santiago), more than doubling the former's Latin American branded generics pharmaceutical presence and further expanding its presence in fast-growing markets. Abbott, under the terms of the agreement, will acquire the holding company that indirectly owns approximately 73% of CFR and will conduct a public cash tender offer for all of the outstanding CFR shares. The total purchase price, assuming all publicly held shares...

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