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Fosun Tweaks Gland Deal Amid Limbo In India

 
• By Anju Ghangurde and Ying Huang

China’s Fosun group isn’t backing off from its $1bn-plus buyout of Gland Pharma and will now pursue a tweaked version of the original deal that technically qualifies for automatic approval under Indian rules. Whether that means smooth sailing hereon remains unclear.

Big Fish
WILL FOSUN'S ACQUISITION OF GLAND MOVE SMOOTHLY AHEAD HEREON?

China’s Fosun group has agreed to pare its proposed holding in the Indian injectables firm Gland Pharma Ltd. as part of certain revised terms pertaining to the mega deal, currently in limbo in India.

The deal has already been cleared by India’s Foreign Investment Promotion Board (FIPB) [although the FIPB itself has since been...

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Stock Watch: Sanofi And Merck Temper Big Pharma Q2 Earnings Cheer

 
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Japan Results Roundup: Reduced Forex Impact, Uncertain US Tariff Outlook

 
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