News & Analysis

There continues to be a susurrus of takeover rumors in circulation, including talk of private equity offers for Harley Davidson and Beazer Homes making the rounds

There continues to be a susurrus of takeover rumors in circulation, including talk of private equity offers for Harley Davidson and Beazer Homes making the rounds. Teva signed a deal to acquire German drug maker Ratiopharm for ?3.63B, further securing its position as the world's number one generic drug maker. Teva, which beat rival bids from Pfizer and Iceland's Actavis, said the combined company would have had 2009 revenues of more than $16B, up from Teva's own sales of around $14B. Phillips-Van Heusen said it would acquire Tommy Hilfiger from buyout shop Apax Partners in a cash-and-stock deal valued at about $3B. The combined company's revenue will total about $4.6B and allow PVH to introduce its brands in international markets. In other ongoing merger stories, BJ Services and Baker Hughes said the DoJ has raised some concerns about their pending merger deal. OSI Pharmaceuticals rejected Astellas' unsolicited tender offer for $52/share cash, stating that the offer substantially undervalues OSI.