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Filed under: Deals, Teva Pharm Indus ADR (TEVA)

For the phamra industry, the long-term trends look promising, especially in light of the aging population. While companies face lots of pressure to cut costs, this is a good thing for the generic drug industry. And, as should be no surprise, we are seeing some dealmaking.

This day, Teva Pharmaceutical Industries Ltd. (NASDAQ: TEVA) has concurred to buy Barr Pharmaceuticals Inc. (NYSE: BRL) for a cool $7.46 billion (rumors have been swarming about this deal since July 16th).

Israeli generic-drug maker Teva is looking for opportunities to bolster its markets. Acquiring Barr would give it a nice platform in Europe (this was actually because of an acquisition of Pliva in 2006). What’s more, the company has a nice offering of drugs such in the contraceptives category.

Teva, already the largest generic drug company in the world, has gotten even larger with this deal. Taken together, the combined entity will have revenues of close to $12 billion.

With its resources, Teva can continue to snap up some pretty massive deals. In the case with Barr, the premium was a whopping 42% (as of Wednesday’s close).

So far in today’s trading, Teva’s shares are up 2.2% to $42.

Tom Taulli is the author of various books, including The Complete M&A Handbook and The Edgar Online Guide to Decoding Financial Statements. He also operates MergerBook.com.

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Filed under: Business, Design, Internet, Office, Productivity, Google

A lot of desktop word processing and text editing apps feature templates you can use to jazz up your documents — or make them look terrible, depending on your thought. Now Google Docs gives you the same option, with a new template gallery. There are over 300 templates, featuring everything from resum

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Filed under: Deals, Management, Industry, Housing, Federal Reserve

Wall Street analysts have said that Freddie Mac (NYSE: FRE) would not be able to get by without raising money. Its losses from the current mortgage crisis have simply been too great. At one point it looked like the Fed would open its doors to provide the company loans and Treasury would buy stock in the company.

According to The Wall Street Journal, Freddie “is considering raising capital by selling as much as $10 billion in new shares to investors.”

After a sharp sell-off in its stock, Freddie has watched its shares move up over 50% in two days because investors believed the government help would keep the firm from becoming insolvent. Now that the value of the stock is somewhat higher, it may turn out to be a good time to get some cash in the barn.

But, the company’s shareholders are prone to take a brutal beating. Freddie’s market cap is only $6 billion, so the dilution of bringing in $10 billion would be stupendous. The move could certainly push the stock down to the $4 level over time, unless the company can post results well above what analyst anticipate and push the current share price way up.

Of course, the shareholders are not to blame, but they will be left holding the bag. Freddie management bet that it could get superior returns on its portfolio by getting into risky investments and were burned like most banks and brokerage houses.

No matter how poor their judgment was, management will probably keep their jobs. Maybe they will even get a fat bonus for raising the new capital.

Douglas A. McIntyre is an editor at 247wallst.com.

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Filed under: Before the bell, Earnings reports, Deals, XM Satellite Radio (XMSR), Sirius Satellite Radio (SIRI), Schlumberger Limited (SLB), Advanced Micro Dev (AMD), Mattel, Inc (MAT), Honeywell Intl (HON), Teva Pharm Indus ADR (TEVA)

Before the bell: Citi earnings push futures higher despite MER, GOOG, MSFT disappointments

Advanced Micro Devices (NYSE: AMD) stock is down 6.6% in premarket trading after the company posted its seventh consecutive quarterly loss of $1.19 billion, or $1.96 per share, missing Wall Street estimates. The operating loss would have been 60 cents a share, heftier than the loss of 52 cents a share from analysts polled by Reuters Estimates. Following the report, AMD also announced that CEO Hector Ruiz would be replaced by COO Dirk Meyer. Ruiz will stay on as executive chairman.

The Wall Street Journal reports that Freddie Mac (NYSE: FRE) is considering raising capital by selling as much as $10 billion in new shares to investors. FRE stock is down again this morning after the current wild swings in share price. This morning FRE shares are trading over 5.7% lower in premarket action.

Mattel Inc. (NYSE: MAT) shares rose nearly 4% in after-hours trading following second-quarter financial results. The toy maker’s profit fell by nearly half, but results still beat Wall Street expectations. Global Barbie sales dropped off 6%.

Teva Pharmaceutical Industries (NASDAQ: TEVA) ADS are declining over 4.3% in premarket trading after the generic drug maker said it will purchase rival generic drug company Barr Pharmaceuticals (NYSE: BRL) for more than $7 billion. The total buy price is $66.50 per share, a 16% premium to Barr’s $57.17 closing price Thursday. BRL shares are up over 6.6% in premarket trading.

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