Blackstone Makes $2.3 Billion Deal for Japan Drug Business

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Blackstone is buying Takeda Pharmaceutical's consumer health-care unit for $2.3 billion, as the Japanese company pushes ahead with a plan to pay down debt incurred from its Shire acquisition

Blackstone Group Inc. is buying the consumer health-care business of Japan’s Takeda Pharmaceutical Co. for ¥242 billion , one of the larger private-equity acquisitions in a country where such deals are slowly expanding.

Takeda has been pushing ahead with a plan to divest $10 billion worth of assets to pay down debt it incurred from the $58 billion acquisition of Shire PLC last year. The drugmaker has said it wants to focus on prescription drugs.

 

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The Blackstone Group Inc. is an American multinational private equity alternative investment management and financial services firm based in Midtown Manhattan, New York Cityworld trade market new York stockexchange and chinese stock mas productionscovid19

pharma corps are one if the biggest evils on earth today

Blackstone buying drug business and buying in 1 week itself 👀🤷‍♂️.. Whats amiss here.!?

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