Bayer buys Teva's U.S. animal health business

Bayer buys Teva's U.S. animal health business
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Summary Bayer expects to close the deal 2013, once it gains antitrust and regulatory clearance.

Bayer agreed to buy Teva Pharmaceuticals U.S. animal health operations for up to $145 million to bolster its own veterinary drugs business.The price includes an upfront payment of $60 million and $85 million in milestone payments linked to manufacturing and sales targets, the German drugmaker said on Friday.
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