Word: betapharm
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...overseas acquisitions to expand their footprints. The most recent headline grabber was last month's $8.1 billion bid by Tata Steel for Anglo-Dutch steel manufacturer Corus, and there have been many smaller deals as well. In February, Hyderabad-based drugmaker Dr. Reddy's acquired German-based rival Betapharm for $572 million. A few months later, construction major Punj Lloyd bought Singapore-based SembCorp Engineers and Constructors for $22.5 million. And now electronics manufacturer Videocon is the lead player in a consortium that has offered more than $700 million to buy Korean electronics giant Daewoo Electronics...
...INDIAN BUYER: DR. REDDY'S India's second-largest pharmaceutical company markets generic drugs in over 100 countries COMPANY ACQUIRED: BETAPHARM (GERMANY) Generic-drug distributor specializes in medications for heart and neurological ailments PRICE: $572 million DATE: February...
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