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Cardinal China Sell-Off Deal Advances

 
• By Ying Huang

The potential acquisition of Cardinal Health’s China business by Shanghai Pharmaceuticals could have significant strategic implications for the state-owned suitor, but it’s probably still “hard to assume” how the transaction may finally pan out. Expectations around the deal value are still in excess of $1bn, investor sources tell Scrip.

China handshake

Among several bidders for Cardinal Health Inc.’s China business, Shanghai Pharmaceuticals Holding Co. Ltd. ’s chances to emerge the winner remain uncertain, even as the company has filed its bid in the second round. The bid value is potentially higher than what is being speculated in the media, an investor source with knowledge of the deal told Scrip.

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