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
4th Indian national arrested, charged with murder of Hardeep Singh Nijjar
Homicide investigators in B.C. say murder charges have been laid against a fourth Indian national in connection to the killing of Sikh activist Hardeep Singh Nijjar outside a Surrey gurdwara last year.
'I am angry': Alberta farmers will continue fight over world class motorsport resort
The rolling hills leading to the hamlet of Rosebud are dotted with sprawling farms and cattle pastures -- and a sign sporting a simple message: No Race Track.
Man ticketed after allegedly trespassing again at Drake's Bridle Path mansion to get his bike
A man who tried to access Drake’s Bridle Path mansion earlier this week returned to the property Saturday and was apprehended again for allegedly trespassing, Toronto police say.
Couple randomly attacked, 1 stabbed, by group of teens in Toronto, police say
A man has been transported to hospital after police say he was stabbed in a random attack carried out by a group of teens in Toronto on Friday night.
Millions of Canadians have been exposed to potentially toxic chemicals, and they're not going anywhere
For decades, North Bay, Ontario's water supply has harboured chemicals associated with liver and developmental issues, cancer and complications with pregnancy. It's far from the only city with that problem.
Biden calls Trump 'unhinged,' says 'something snapped' in former president after he lost 2020 U.S. election
U.S. President Joe Biden on Saturday called Donald Trump “clearly unhinged” and claimed that “something snapped” in the former president after he lost the 2020 election.
Wildfire that forced evacuation of Fort Nelson, B.C., caused by tree falling on wires, mayor says
The wildfire that prompted the evacuation of more than 3,000 people near Fort Nelson, B.C., was caused by a tree falling on wires, according to the municipality's mayor.
Switzerland's Nemo wins 68th Eurovision Song Contest
Swiss singer Nemo won the 68th Eurovision Song Contest on Saturday night with 'The Code,' an operatic ode to the singer’s journey toward embracing their nongender identity.
IN PICTURES Northern lights dance across the night sky in southern Ont.
From London, to Grand Bend, Collingwood and Guelph, here are some highlights of Friday night and Saturday morning's northern lights display.