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Brazil’s Hypera Unanimously Rejects EMS’ Proposed Merger

The Move Would Have Created The Largest Local Generics Player

 
• By Adam Zamecnik

Only days after its initial announcement, Hypera Pharma has refused EMS’ proposed merger on grounds of undervaluation and different strategic priorities.

(Shutterstock)

Hypera Pharma’s board of directors has unanimously rejected a proposed merger with fellow Brazilian firm EMS only days after the initial offer due to a perceived undervaluation and strategic factors.

Hypera’s board of directors unanimously rejected EMS’ offer without starting negotiations on the topic, reflecting several motivations. The company’s press...

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