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Texas Pacific Group interested in acquiring Merck's generic drugs ops - report

FRANKFURT (AFX) - Private equity firm Texas Pacific Group is interested in acquiring Merck KGaA's generics unit, according to sources cited in a Handelsblatt report.

Published : Fri, 12 Jan 2007 11:00
By : Agencies
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FRANKFURT (AFX) - Private equity firm Texas Pacific Group is interested in acquiring Merck KGaA's generics unit, according to sources cited in a Handelsblatt report.

The firm is planning to submit an independent bid, and not a joint bid in a consortium with other private equity firms, added the report.

Both Merck and Texas Pacific declined to comment to the newspaper.

Earlier this week, Ranbaxy Laboratories Ltd confirmed that it was interested in Merck's generic ops.

krysia.diver@afxnews.com

kd/har

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