Ixos Steph-ti on 3 decks
By: IXOS
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Ixos & Steph-ti on 3 decks - Video
After high court nod, the deal is expected to close soon; shares of both companies end in green on the day Sensex fell 600 points
The High Court of Punjab & Haryana has approved the $4 billion merger of Ranbaxy Laboratories with Sun Pharmaceutical Industries, clearing the last hurdle in creating the fifth largest generic company globally by sales.
Post announcement, Sun Pharma closed up 0.41% at Rs 1,041.65 a share and Ranbaxy 1.27% at Rs 815.90 a share on Monday over previous close. Despite Sensex falling over 600 points, or 2.09%, most pharma stocks were in green with a marginal increase in their share prices. The healthcare index too closed up 0.30%.
A statement issued by both Sun and Ranbaxy on BSE, said that the High Court of Punjab & Haryana on March 9, 2015 orally pronounced an order, approving the scheme of arrangement involving merger of Ranbaxy Laboratories with Sun Pharmaceutical Industries under Sections 391 to 394, Sections 78 and 100 of the Companies Act, 1956 and Section 52 of the Companies Act, 2013.
The statement said the certified true copy of the said order is being awaited.
In January this year, the US Federal Trade Commission (FTC) gave its nod for the merger. Last December, the fair trade watchdog Competition Commission of India (CCI) had approved the merger with a rider that the two companies will have to hive off seven brands as it may have an adverse effect on competition in India.
Under the deal, Sun will acquire 100% of Ranbaxy in an all-stock transaction worth $4 billion including Ranbaxy's debt of around $800 million. Under the deal terms, Ranbaxy shareholders will get 0.8 Sun Pharma share for each Ranbaxy share held. The deal values Ranbaxy shares at Rs 457 apiece, a premium of 18% to the 30-day volume-weighted average share price, and a premium of 24.3% to Ranbaxy's 60-day volume weighted average share price, as on April 4, 2014.
According to a pharma analysts, both Sun and Ranbaxy shares are up only marginally. Most pharma stocks have gained despite the market being down 600 points. That's because pharma stocks are defensive and are a safe haven. This stocks give steady return, so investors looking with a long-term outlook prefer such stocks, said a pharma analyst, adding that the physical order of approval from the court should come in the next few days, with the closure of the deal now expected soon.
Pharma analyst Hitesh Mahida of Antique Stock Broking, said, The pharma stocks are largely defensive stocks. No other reason for marginal increase in stock prices of pharma companies. However, there is a positive sentiment regarding pharma stocks, which is another reason for them to be in green.
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Decks cleared for Sun-Ranbaxy merger
Flexiteek by ThomBer-Decks.de PartII (Deutschland)
Produktion eines Flexiteek Decks.
By: ThomBer-Decks GbR
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Flexiteek by ThomBer-Decks.de PartII (Deutschland) - Video
NET Bang La Decks Utopia Unofficial Video
Oops, sorry I dropped my Doritos all over your comment box again.
By: Brian Lefevre
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NET Bang La Decks Utopia Unofficial Video - Video
Duel decks: mazzo di Kiora vs mazzo di Elspeth
Bella raga!!! Se il video vi piaciuto mettete un bel like e condividetelo!! Noi vi invitiamo a vedere il sito del Playtime dove potete trovare info su eventi a cui io e Matteo potremmo partecipa...
By: Magic Channel
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Duel decks: mazzo di Kiora vs mazzo di Elspeth - Video
DEARBORN User-paid parking will end for the parking decks and surface lots in west Dearborn as of Sunday, March 15.
About 40 meters along Mason, Howard, and West Village Drive will remain to encourage turnover because they are among the most convenient parking spaces to nearby businesses.
Parking restrictions will still be enforced at the meters on the three streets, and drivers are advised to pay a meter if they park at a meter, or face a fine. Meters will remain along Howard, from West Village Drive to Garrison; Mason, from West Village Drive to Michigan Avenue; and West Village Drive, along Mason to Howard.
The City of Dearborn has transitioned away from a user-paid parking system in the west downtown business district to promote greater interest from real estate developers and to boost customer activity.
The de-commissioning of the user-paid parking system addresses the perception that paid parking is an obstacle to redevelopment.
It also addresses a popular sentiment that paying for parking in public lots, decks and on-street spaces discourages customers who would otherwise patronize west Dearborn businesses.
The City Council voted on Oct. 21 to phase out the user-paid system, based on a recommendation from the Mayor and the Parking Advisory Commission.
Mayor John B. OReilly, Jr. stated in advocating the change:
This is a very positive step that will help us achieve our goal of promoting more investment and activity in the west downtown. To get the best results for our local economy, we need to be realistic and remove anything that is perceived as an impediment to recreating a robust and vibrant business district.
The public parking system will continue to be financed with money from the West Dearborn Downtown Development Authority (WDDDA) and the Citys general fund at a lesser amount than in previous years. Continued...
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West Dearborn ending most user-paid parking by March 24
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Pool decks professionally designed and installed with Pro Tile
Hearthstone free basic decks, just chilling. priest vs druid
Hearthstone free basic decks, just chilling. priest vs druid I hope you enjoy it and i am looking forward to interact with you guys, thank you. Comment, like...
By: escaping workforce
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Hearthstone free basic decks, just chilling. priest vs druid - Video
MTG Elspeth Vs Kiora :: Duel Decks Opening!
Subscribe for more awesome content! http://bit.ly/SubscribeToEdge Got my hands on the new Elspeth Vs Kiora Duel Decks to open for you guys today! #mtgevk B...
By: TheOfficialEdge
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MTG Elspeth Vs Kiora :: Duel Decks Opening! - Video
Hearthstone - les decks qui marchent pas : le chaman rle d #39;adonie
Nouveau type de vido sur hearthstone avec cette fois-ci des decks sympathiques mais qui marchent pas (o pas trop).
By: Heroes of nawak
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Hearthstone - les decks qui marchent pas : le chaman rle d'adonie - Video