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American Oriental Announces Two Acquisitions; Terminates a Third

publication date: Oct 22, 2008

American Oriental Bioengineering, Inc. completed two acquisitions while, at the same time, announcing it had declined to pursue a third. In August, AOB had announced a signed letter of intent to pay $110 million to acquire an unnamed China pharmaceutical distributor with $550 million in annual revenues. That deal has been scotched, and two smaller acquisitions, one for a drug distributor and the other for a drug developer, have been completed in its place for a smaller total outlay of $53.1 million. More details...
Stock Symbol: (NYSE: AOB)



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