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Fresenius Kabi to acquire Akorn

Issue: May 25, 2017

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Akorn will be acquired by Fresenius Kabi for $4.3 billion, or $34 per share, according to a press release from the companies.

Approximately $450 million of debt will also be assumed in the transaction, which has been approved by the boards of both companies. Akorn shareholders will still need to approve the deal, which is expected to close by early 2018.

“Joining our two companies and product portfolios will strengthen and diversify both businesses,” John Ducker, Fresenius Kabi USA’s president and CEO, said in the release.

“Fresenius Kabi is an excellent fit for Akorn, strategically and culturally,” Raj Rai, Akorn’s CEO, added. “Fresenius brings to Akorn the strength and resources of a global leader with an experienced U.S. team and an outstanding record of growth and award-winning service in the United States.”