Caraco Announces $5.25-A-Share Deal With Sun PharmaDetroit-based Caraco Pharmaceutical Laboratories Ltd. (NYSE Amex: CPD) said Tuesday that it had entered into a merger agreement Monday with Sun Pharmaceutical Industires Ltd., an Indian pharma firm that already owns 75.8 percent of Caraco's stock.
Two Blows To CaracoDetroit generic pharmaceutical maker loses a distribution agreement with India's Sun Pharma, its majority owner, a year from now, and will face a delay getting back into pharma production at its own plant.
Caraco Gets Sun Pharma Offer To Go PrivateDetroit-based Caraco Pharmaceutical Laboratories Ltd. (NYSE Amex: CPD) has received an offer to go private from its parent company and India.