{"id":6671,"date":"2018-04-23T06:03:47","date_gmt":"2018-04-23T10:03:47","guid":{"rendered":"http:\/\/lifeinsurance-orleans.ca\/Life-Insurance-Blog\/?guid=8dddbd230e8f960adfced657f782e9ca"},"modified":"2018-04-23T06:03:47","modified_gmt":"2018-04-23T10:03:47","slug":"germanys-fresenius-us-based-akorn-at-odds-over-merger-deal","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2018\/04\/23\/germanys-fresenius-us-based-akorn-at-odds-over-merger-deal\/","title":{"rendered":"Germany\u2019s Fresenius, US-based Akorn at odds over merger deal"},"content":{"rendered":"<p>BERLIN &#8212; Germany&#8217;s Fresenius and U.S.-based pharmaceutical manufacturer Akorn Inc. are at odds over the German company&#8217;s decision to terminate a more than $4.3 billion takeover agreement, citing alleged breaches of data integrity requirements.<\/p>\n<p>Fresenius said Sunday it would terminate the year-old deal to acquire Akorn, based in Lake Forest, Illinois, citing its &#8220;failure to fulfil several closing conditions.&#8221; Akorn replied that it &#8220;categorically disagrees&#8221; with Fresenius&#8217; accusations and intends &#8220;to vigorously enforce our rights, and Fresenius&#8217; obligations, under our binding merger agreement.&#8221;<\/p>\n<p>Fresenius confirmed its 2018 guidance. On Saturday, its Fresenius Medical Care division announced the sale of its controlling stake in Sound Inpatient Physicians Holdings to a consortium led by Summit Partners, a $2.15 billion transaction.<\/p>\n<p>Fresenius SE shares were little changed in Frankfurt trading Monday at 65.78 euros ($80.80).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BERLIN &mdash; Germany&rsquo;s Fresenius and U.S.-based pharmaceutical manufacturer Akorn Inc. are at odds over the German company&rsquo;s decision to terminate a more than $4.3 billion takeover agreement, citing alleged breaches of data integrity requirements. Fresenius said Sunday it would terminate the year-old deal to acquire Akorn, based in Lake Forest, Illinois, citing its &ldquo;failure to [&hellip;]<\/p>\n","protected":false},"author":578,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/6671"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/578"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=6671"}],"version-history":[{"count":1,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/6671\/revisions"}],"predecessor-version":[{"id":6672,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/6671\/revisions\/6672"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=6671"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=6671"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=6671"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}