In Brief: Knoll/Hokuriku Seiyaku

Executive Summary

Knoll/Hokuriku Seiyaku: Knoll completes acquisition of 51% of the Japanese firm April 8, purchasing 19 mil. shares of Hokuriku stock at $13.46 (1,450 yen) per share for a total price of $255.5 mil. The shares purchased include the 12.25% stake owned by Searle. Knoll intends to keep Hokuriku's management in place for the time being but will integrate the company with Knoll Japan in the medium term. Hokuriku's major product categories include generics, antibiotics, peripheral nervous system and respiratory disease...