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Thebe makes bid for Alliance Pharma.(Thebe Health Care, Alliance Pharmaceuticals)(Brief Article)
Pharma Marketletter
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September 13, 2004
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COPYRIGHT 2004 Marketletter Publications Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.
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South African company Thebe Health Care has made an offer of 54 million rand ($8.1 million) to acquire a controlling stake in Forim Holdings and its subsidiary Alliance Pharmaceuticals. The purchase would be the first major black economic empowerment deal concluded in the field of manufacturing and distribution of pharmaceuticals, noted the Johannesburg-based Business News.
Thebe has been a significant shareholder in Alliance and Forim for the past two and a half years and, through the proposed transaction, Alliance would become the largest majority black-owned and ...
 "The Post-Standard (Syracuse, NY)")
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