GIBF E Magazine AUG-SEPT-2019 GIBF The Business Tycoons Magazine Aug-Sept | Page 13

TOP MERGERS & ACQUISITIONS
PFIZER'S UPJOHN-MYLAN MERGER
Generic pharmaceutical company Mylan will merge with Pfizer's
off-patent medicines unit Upjohn. The new firm will be based in the
US, with anticipated revenues of $19–20 billion (£15–16 billion) in
2020. The intention is to combine Pfizer's distribution network in
China and other emerging markets with Mylan's existing products in
developed markets and future generics, but the deal does not
include Pfizer's biosimilars.
JAPAN'S OSAKA GAS TO BUY SABINE OIL
Osaka Gas Co Ltd said it will buy U.S. shale gas developer
Sabine Oil & Gas Corp for $610 million, as the Japanese
company looks to expand its overseas business for future
growth. The deal marks the first acquisition of a U.S. shale
gas developer by a Japanese company, Osaka Gas said.
The Japanese firm, which bought an interest in the field
in July last year, will become operator of the
business, which owns 175,000 net acres in East
Texas with about 1,200 wells producing
about 1.7 million tonnes of shale gas a
year.