Pfizer Inc is considering buying India's Agila Specialties, the injectable-medicines unit of Indian drug supplier Strides Arcolab Ltd , for a possible price of $2 billion, Bloomberg reported on Monday.
Pfizer Inc is considering buying India's Agila Specialties, the injectable-medicines unit of Indian drug supplier Strides Arcolab Ltd
Pfizer is doing due diligence and a deal could be reached this quarter, Bloomberg reported, citing unnamed sources.
A Pfizer spokeswoman said the company does not comment on market rumours or speculation.
Agila makes cancer treatments and antibiotics, Bloomberg said.
Pfizer shares were up 23 cents at USD 26.75 on the New York Stock Exchange.
Strides Arcolab stock price
On July 14, 2014, Strides Arcolab closed at Rs 626.80, down Rs 8.7, or 1.37 percent. The 52-week high of the share was Rs 1050.00 and the 52-week low was Rs 343.80.
The company's trailing 12-month (TTM) EPS was at Rs 584.46 per share as per the quarter ended March 2014. The stock's price-to-earnings (P/E) ratio was 1.07. The latest book value of the company is Rs 820.12 per share. At current value, the price-to-book value of the company is 0.76.
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