You know the picture: Two pharma CEOs, shaking hands and smiling as cameras flash and video rolls. It's been common enough, especially recently, as Pfizer and Wyeth, Merck and Schering-Plough announced their big mergers.
But that's not always the way M&A goes. While many pharma deals over the past 20 years have been relatively friendly, others haven't. Hostile bids, media grandstanding, warring press releases--unfriendly mergers have triggered them all.
The following list includes some of the biggest battles of the last two decades. We've covered a few of them ourselves, but others are before our time, such as Pfizer's Warner-Lambert takeover. Click below to get all the details on some of the industry's biggest takeover battles.
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1. Sun Pharma vs. Taro
2. Pfizer vs. Warner-Lambert
3. Aventis vs. Sanofi-Synthelabo
4. Astellas Pharma vs. OSI Pharmaceuticals
5. King Pharmaceuticals vs. Alpharma
6. Novartis vs. Alcon
7. BMS vs. Icahn
8. Genzyme vs. Icahn