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  • TEL AVIV, July 27- Teva Pharmaceutical Industries has agreed to buy Allergan Plc's generic drugs business for $40.5 billion in a cash and stock deal that will turn the Israeli company into one of the world's largest pharmaceutical firms. It also will allow Dublin- based Allergan, the third-largest generic drugmaker in the United States, to focus on branded drugs...

  • JERUSALEM— Israel's Teva Pharmaceutical Industries Ltd. said Monday it is purchasing Dublin- based Allergan PLC's generic pharmaceuticals business for $40.5 billion, in what Israeli analysts called the largest-ever acquisition by an Israeli company. Statements from both companies say the deal will see Allergan receive $33.75 billion in cash and shares...

  • Allergan to acquire Naurex as Teva talks continue Sunday, 26 Jul 2015 | 3:18 PM ET

    Allergan PLC, the Dublin- based pharmaceutical giant, announced Sunday it has agreed to buy Naurex, a developer of drugs for depression and other central nervous system disorders, for $560 million. The announcement comes among reports that Allergan is in talks to sell its enormous generic drug division to Israel- based Teva Pharmaceutical Industries Ltd. The...

  • TEL AVIV, July 26- After months of sparring in a hostile takeover bid for rival Mylan NV, Teva Pharmaceutical's move to buy Allergan Plc's generic drug business instead could be a smoother ride that will bring bigger returns, faster. Israel- based Teva, the world's largest generic drugmaker, is in advanced talks to buy Allergan's generic drugs unit for between $40-...

  • July 25- Teva Pharmaceutical Industries Ltd is in advanced talks to buy Allergan Plc's generic drug business following a thus far unsuccessful effort to acquire peer Mylan NV, according to a person familiar with the matter. Jerusalem- based Teva, which has offered to buy Mylan for $40 billion, is now close to an agreement to acquire Dublin- based Allergan's...

  • Horizon Pharma raises bid for Depomed to $33 per share Tuesday, 21 Jul 2015 | 7:46 AM ET

    NEW YORK— Drugmaker Horizon Pharma PLC is boosting its offer for fellow drugmaker Depomed to $33 per share. The Dublin- based company said Tuesday that the new offer is contingent on Depomed entering "good faith" talks on the transaction. Depomed said in a statement that it would review the offer with independent advisers and advised shareholders not to act on the...

  • ATHENS, July 16- European creditors moved cautiously towards re-opening funding to Greece's stricken economy on Thursday, hours after a fractious Greek parliament approved a tough bailout program aimed at preventing a chaotic exit from the euro. Prime Minister Alexis Tsipras won the backing of parliament in the early hours of Thursday for the stringent...

  • *Emergency funding to stay as Greece readies reforms. However, the lawmakers are under pressure to act fast as the ECB, facing resistance from Germany, would be unlikely to extend the funding line next week if Greece misses a debt repayment due to the ECB on July 20. The lawmakers' support for tough reforms, agreed by leftist Prime Minister Alexis Tsipras on Monday...

  • *Expected to pursue issue of debt relief for Greece. ATHENS, July 6- Euclid Tsakalotos, the mild-tempered professor who was appointed as Greece's new finance minister on Monday, is a clear change in style from his combative predecessor Yanis Varoufakis. The 55- year-old Tsakalotos studied at prestigious private London school St Paul's and at Oxford University,...

  • *Expected to pursue issue of debt relief for Greece. The 55- year-old Tsakalotos studied at prestigious private London school St Paul's and at Oxford University, speaks Greek with a British accent and rarely appears in public, let alone wearing the torso-hugging T-shirts Varoufakis favors. Like Varoufakis, Tsakalotos has often decried Europe for big...

  • SINGAPORE/ NEW YORK, July 3- Greece's huge global diaspora is dishing out advice to friends and relatives on how to vote in Sunday's referendum and some feel so strongly they are buying expensive tickets to get home to cast their own ballots. One airline put on extra flights and ticket prices have risen for expatriates who want to have a say in whether Greece...

  • *Controls lasted years in Cyprus and Iceland. *Greece could stabilise banks but system may go bankrupt. ATHENS/ LONDON, June 29- Capital controls imposed in Greece are likely to stay in place for months and its banks may need billions of euros of new capital or even face nationalisation under a lengthy financial rebuilding, industry sources said.

  • *Controls lasted years in Cyprus and Iceland. *Greece could stabilise banks but system may go bankrupt. ATHENS/ LONDON, June 29- Capital controls imposed in Greece are likely to stay in place for months and its banks may need billions of euros of new capital or even face nationalisation under a lengthy financial rebuilding, industry sources said.

  • DUBLIN, June 29- A Boeing 787 Dreamliner en route from Mexico City to Paris made an emergency landing at Ireland's Shannon Airport on Monday and all 193 people on board disembarked safely, a spokesman for the airport said on Monday. Mexico's Aeromexico said in a statement that an alert in the cargo hold of the flight caused it to divert, and a spokesperson later...

  • DUBLIN, June 26- Greece's bailout battle with Germany is casting a long shadow in Ireland, dividing political and public opinion over whether Dublin should stand alongside Athens as a fellow bailout recipient or push to ensure the Greeks don't get an easy ride. When Noonan was reported to have been one of the harshest critics of Greece in talks this week, the...

  • BRUSSELS, June 25- British Airways- owner IAG has offered concessions in an attempt to win European Union regulatory approval for its planned acquisition of a 25 percent stake in Ireland's Aer Lingus, the European Commission said on Thursday. IAG wants to expand lucrative transatlantic services from Dublin airport where there is spare capacity, unlike...

  • DIARY- Top Economic Events to July 7 Wednesday, 24 Jun 2015 | 8:01 PM ET

    WASHINGTON- Federal Reserve Board Governor Daniel Tarullo participates in "Conversation on the Economy and Financial Regulation" before the Council on Foreign Relations- 1200 GMT. WINDSOR, Canada- Bank of Canada Deputy Governor Lawrence Schembri will give a speech to the Windsor-Essex Regional Chamber of Commerce- 1610 GMT. LAUSANNE, Switzerland- Swiss...

  • *EU says Greece must spell out actions. ATHENS, June 23- Greece's leftwing government expressed confidence on Tuesday that parliament would approve a debt deal with lenders, despite an angry reaction from some of its own lawmakers who accused it of caving in to pressure for more austerity. One lawmaker said the deal was tantamount to a "tombstone" for Greece, after...

  • DUBLIN/ FRANKFURT, June 23- The European Central Bank increased its funding lifeline to Greece's banks again on Tuesday, sources with direct knowledge of the decision said, allowing the country's banks to stay open as Athens inches towards a deal with creditors. But the latest increase, which one of the people said amounted to "a bit less than one billion euros",...

  • LONDON, June 19- Citigroup is planning to shift the head office of its European retail banking operation to Dublin from London to benefit from lower costs and capital requirements. This week the bank wrote to clients to say the UK- based business, Citibank International Limited, which operates a small number of branches across some 20 European countries, would be...