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
BREAKING Trudeau promises $1B in loans for child-care providers to expand care centres
The federal government is launching a new loan program to help child-care providers in Canada expand their spaces, and will be extending further student loan forgiveness and training options for early childhood educators, Prime Minister Justin Trudeau announced Thursday.
Spring allergy season has begun. Where is it worse in Canada?
The spring allergy season has started early in many parts of Canada, with high levels of pollen in some cities already. Experts weigh in on which areas have it worse so far this season.
Sunshine list: These were the Ontario public sector's highest earners in 2023
Ontario released its annual sunshine list Thursday afternoon, noting that the largest year-over-year increases were in hospitals, municipalities, and post-secondary sectors.
Several flight attendants from Pakistan have gone missing after landing in Canada
Multiple flight attendants from Pakistan International Airlines have abandoned their jobs and are believed to have sought asylum in Canada in the past year and a half, a spokesperson for the government-owned airline says.
N.B. man wins $64 million from Lotto 6/49
A New Brunswicker will go to bed Thursday night much richer than he was Wednesday after collecting on a winning lottery ticket he let sit on his bedroom dresser for nearly a year.
'Nonsense:' Doug Ford slams lawsuits filed by Ontario school boards against social media platforms
Premier Doug Ford says that lawsuits launched by four Ontario school boards against a trio of social media platforms are “nonsense” and risk becoming a distraction to the work that really matters.
Why some Christians are angry about Trump's 'God Bless the USA' Bible
Former U.S. President Donald Trump is officially selling a copy of the Bible themed to Lee Greenwood’s famous song, 'God Bless the USA.' But the concept of a Bible covered in the American flag has raised concern among religious circles.
Multiple bridges in Calgary shut down for police incident
Calgary police have shut down a number of bridges into and out of the downtown core as officers deal with a distraught individual.
King Charles calls for acts of friendship in first public remarks since Kate's cancer diagnosis
King Charles III gave public remarks for Maundy Thursday, addressing the importance of acts of friendship, following his and Catherine, Princess of Wales’ cancer diagnoses.