October 04, 2013 at 14:14 PM EDT
Drugmaker Akorn Becoming Mighty Oak In Hi-Tech Merger
Mergers are usually more popular with investors in the company being acquired than in the acquirer. Since specialty drugmaker Akorn agreed to buy Hi-Tech Pharmacal, however, its stock has gone up. Akorn's (AKRX) $640 million payout isn't huge by drug-industry standards, but for that price it will nearly double in size, as both companies' annual revenue is running between $200 million and $300 million. The buyout will also address a need raised by
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