Glaxo snares Stiefel Labs (Dealscape

The U.K.'s GlaxoSmithKline plc announced plans Monday to buy Stiefel Laboratories Inc. for up to $3.6 billion in a deal that will almost triple the size of its dermatology unit.

GlaxoSmithKline, of London, agreed to pay $2.9 billion in cash for Stiefel and to assume $400 million of net debt. The company may pay an additional $300 million if certain performance targets are met.

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NOT A SUBSCRIBER? Glaxo snares Stiefel Labs Posted on April 20, 2009 6:30 PM The U.K.'s GlaxoSmithKline plc announced plans Monday to buy Stiefel Laboratories Inc. for up to $3.6 billion in a deal that will almost triple the size of its dermatology unit. GlaxoSmithKline, of London, agreed to pay $2.9 billion in cash for Stiefel and to assume $400 million of net debt. The company may pay an additional $300 million if certain performance targets are met. This is a free preview of the content available in The Deal Pipeline. Subscribers enjoy access to the full story, as well as second-to-none research tools. To request a demo, or, if you are an existing user to The Deal Pipeline, log in to your account, please scroll down and click the button. Dig deeper, with Pipeline. 801 in-depth reports of M&A deals in the Healthcare sector 582 company pages related to Pharmaceuticals 484 articles related to GlaxoSmithKline plc 11 articles related to Stiefel Laboratories Inc. 10 years of news and analysis archives from the voice of The Deal Economy Most searched keywords Deutsche Bank Skadden Arps Pinnacle Foods Concho Resources Agrium Inc. Birds Eye Cantor Fitzgerald Credit Suisse Windstream Corp. Goldman Sachs		EXISTING USERS Username Password Forget your password? Missing a product?

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