AP News

TPG completes $1.84B deal for Par Pharmaceutical

WOODCLIFF LAKE, N.J. (AP) — Affiliates of private investment firm TPG have completed their $1.84 billion acquisition of generic drug maker Par Pharmaceutical.

The companies announced the deal in July, saying that TPG would pay $50 per share.

Shares of Par Pharmaceutical Cos., based in Woodcliff Lake, N.J., are set to cease trading on the New York Stock Exchange since it will be a private company.

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