ranbaxy sell out
DESCRIPTION
TRANSCRIPT
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PERIOD TARGET COMPANY
ACQUIRER DEAL VALUE
FEB ’07 Hutch-Essar Vodafone 13.1
JUN’08 Ranbaxy Lab Daiichi Sankyo 4.6
APR’06 Flextronics KRR & Vo LP 0.9
JAN’06 Ambuja Cem Holcim 0.6
AUG’06 Matrix Lab Mylan Inc 0.5
Deal Value in billion Dollar
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PERIOD TARGET COMPANY
ACQUIRER DEAL VALUE
FEB ’07 Hutch-Essar Vodafone 13.1
JUN’08 Ranbaxy Lab Daiichi Sankyo 4.6
APR’06 Flextronics KRR & Vo LP 0.9
JAN’06 Ambuja Cem Holcim 0.6
AUG’06 Matrix Lab Mylan Inc 0.5
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Ranbaxy- Daiichi Sankyo Deal
HISTORY
How Ranbaxy & Daiichi fell in Love
WHY SELL OUT???HOW THE DEAL
WORKS
IMPACT ON INDIAN PHARMA SECTOR
WHAT AHEAD FOR THE COMPANY
Thank You
HISTORY
Sankyo
Benicar(olmesartan medoxomil)Mevalotin (pravastatin)Loxonin (loxoprofen)Olmetec (olmesartan)CaptoprilZantac (ranitidine)WelChol (colesevelam HCl)
Daiichi Pharmaceutical
Cravit (levofloxacin)Evoxac (cevimeline)
FloxinOtic (ofloxacin)
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Ranbaxy- Daiichi Sankyo Deal
HISTORY
How Ranbaxy & Daiichi fell in Love
WHY SELL OUT???HOW THE DEAL
WORKS
IMPACT ON INDIAN PHARMA SECTOR
WHAT AHEAD FOR THE COMPANY
Thank You
How Ranbaxy and Daiichi fell in Love
-k.k.
Ranbaxy- Daiichi Sankyo Deal
HISTORY
How Ranbaxy & Daiichi fell in Love
WHY SELL OUT???HOW THE DEAL
WORKS
IMPACT ON INDIAN PHARMA SECTOR
WHAT AHEAD FOR THE COMPANY
Thank You
WHY SELL ???OUT???
-k.k.
Ranbaxy- Daiichi Sankyo Deal
HISTORY
How Ranbaxy & Daiichi fell in Love
WHY SELL OUT???HOW THE DEAL
WORKS
IMPACT ON INDIAN PHARMA SECTOR
WHAT AHEAD FOR THE COMPANY
Thank you
-k.k.
HOW THE DEAL WORKS
Daiichi sets to acquire a controlling stake--- 51-62% --- in Ranbaxy for $3.4-4.6 billion.
Singh family to sell entire stake 34.8% for Rs 10,000 crore($2.4 b) at Rs 737 per Share.
Japanese company to pick up another 9.4% in Ranbaxy through preferential allotment.
Daiichi will have to make an open offer to acquire 20% more from other share holders.
Japanese company can acquire another 4.9% through preferential issue of share warrants.
Ranbaxy to get $1 b via preferential allotment. Funds to be used to retire debt.
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Particulars Number of SharesAcquisition of Shares under Open Offer
92,519,126
Allotment of Shares on Preferential basis
46,258,063
Acquisition of Shares from the Singh family
129,934,134
The Land Mark Deal Completed On 7th Nov, 2008
-k.k.
Ranbaxy- Daiichi Sankyo Deal
HISTORY
How Ranbaxy & Daiichi fell in Love
WHY SELL OUT???HOW THE DEAL
WORKS
IMPACT ON INDIAN PHARMA SECTOR
WHAT AHEAD FOR THE COMPANY
Thank You
-k.k.
IMPACT ON INDIAN PHARMA INDUSTRY
Deal may Prompt other Indian promoters to divest their stake at the right place and at right time, instead of clinching on for the emotional attachment.
Commercially it is an awesome deal but Ranbaxy was a hero for those who has Global aspiration. A huge positive for Ranbaxy but a negative for Indian pharma.
Acquisition may dampen the motivation of other aspirants who want to emulate Ranbaxy’s success in the global pharma industry.
-k.k.
Ranbaxy- Daiichi Sankyo Deal
HISTORY
How Ranbaxy & Daiichi fell in Love
WHY SELL OUT???HOW THE DEAL
WORKS
IMPACT ON INDIAN PHARMA SECTOR
WHAT AHEAD FOR THE COMPANY
Thank You
-k.k.
-k.k.
-k.k.
Ranbaxy- Daiichi Sankyo Deal
HISTORY
How Ranbaxy & Daiichi fell in Love
WHY SELL OUT???HOW THE DEAL
WORKS
IMPACT ON INDIAN PHARMA SECTOR
WHAT AHEAD FOR THE COMPANY
Thank You
-k.k