Drug company founded by murdered billionaire Barry Sherman agrees to takeover
The Canadian generic pharmaceuticals giant founded by murdered billionaire Barry Sherman in 1974 has agreed to a takeover.
In a news release issued Wednesday morning, SK Capital Partners LP announced it has reached an agreement to acquire Apotex Pharmaceuticals Holdings Inc.
“We are excited to work with SK Capital, whose industry expertise and resources will help grow our leadership in the market and maintain our focus on improving access to high-quality affordable medicines for millions of patients worldwide,” Jeff Watson, President and CEO of Apotex, said.
Terms of the takeover were not publicly disclosed and the companies said the transaction is subject to regulatory approvals.
Apotex is a global pharmaceutical company that produces affordable medicines for patients around the world. According to the company, Apotex employs nearly 8,000 people and its headquaters are in Toronto.
Bloomberg News reported in November 2021 that Apotex was exploring a sale.
Sherman and his wife, Honey, were found dead in their multi-million dollar Toronto home in December 2017. They were found in a semi-seated position on the deck of their home’s indoor pool, hanging by belts from a railing, police said.
(THE CANADIAN PRESS/HO-United Jewish Appeal)
Investigators have said autopsy results showed the pair died by "ligature neck compression."
Last December, police announced they had identified a suspect in the investigation.
An unknown person was captured on security video near the Sherman's property during the same timeframe their murders took place.
Toronto police have released new video in connection to the murders of Barry and Honey Sherman, Tuesday, Dec. 14, 2021.
Homicide Det. Sgt. Brandon Price said police combed through hours of security footage in connection with the murders but have been "left with one individual" they are unable to identify.
"We have been unable to determine what this individual's purpose was in the neighbourhood," Price said. "This individual's actions are highly suspicious."
Police said they received dozens of tips after releasing a photo of the unknown person but have not been able to identify him.
With files from BNN Bloomberg
CTVNews.ca Top Stories
'She will not be missed': Trump on Freeland's departure from cabinet
As Canadians watched a day of considerable political turmoil for Prime Minister Justin Trudeau and his government given the sudden departure of Chrystia Freeland on Monday, it appears that U.S. president-elect Donald Trump was also watching it unfold.
Canadian government to make border security announcement today: sources
The federal government will make an announcement on new border security measures after question today, CTV News has learned.
Canada's inflation rate down a tick to 1.9% in November
Inflation edged down slightly to 1.9 per cent in November as price growth continued to stabilize in Canada.
The Canada Post strike is over, but it will take time to get back to normal, says spokesperson
Canada Post workers are back on the job after a gruelling four-week strike that halted deliveries across the county, but it could take time before operations are back to normal.
Transit riders work together to rescue scared cat from underneath TTC streetcar
A group of TTC riders banded together to rescue a woman's cat from underneath a streetcar in downtown Toronto, saving one of its nine lives.
Two employees charged in death of assisted care resident who ended up locked outside building overnight
Two employees at an Oshawa assisted living facility are facing charges in connection with the death of a resident who wandered outside the building during the winter and ended up locked outside all night.
Trudeau considering his options as leader after Freeland quits cabinet, sources say
Chrystia Freeland, Canada's finance minister, said in an explosive letter published Monday morning that she will quit cabinet. Here's what happened on Monday, Dec. 16.
Teacher and a teenage student killed in a shooting at a Christian school in Wisconsin
A 15-year-old student killed a teacher and another teenager with a handgun Monday at a Christian school in Wisconsin, terrifying classmates including a second grader who made the 911 call that sent dozens of police officers rushing to the small school just a week before its Christmas break.
A top Russian general is killed in a Moscow bombing claimed by Ukraine
A senior Russian general was killed Tuesday by a bomb hidden in a scooter outside his apartment building in Moscow, a day after Ukraine's security service levelled criminal charges against him. A Ukrainian official said the service carried out the attack.