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
Work stoppage possible as WestJet issues lockout notice to maintenance engineers' union
A lockout notice issued by WestJet to a union representing aircraft maintenance engineers could result in a work stoppage next week.
'I just can't believe that it took so long': Body found in wreckage 3 months after deadly fire
A man accused of arson in a January Old Strathcona apartment fire is expected to be charged with manslaughter after a body was discovered in the burned building late last month.
No proof man lied to brother about number of kittens born in litter, B.C. tribunal rules
A man was denied a $5,000 payout from his brother after a B.C. tribunal dismissed his claim disputing how many kittens were born in a litter.
Bodies recovered in Mexico likely 2 Australians, 1 American who went missing: officials
Three bodies recovered in an area of Baja California are likely to be those of the two Australians and an American who went missing last weekend during a camping and surfing trip, the state prosecutor’s office said Saturday.
BREAKING London Drugs begins 'gradual reopening' on 7th day after cyberattack
Almost a week after all London Drugs stores across Western Canada abruptly closed amid a cyberattack, they began a "gradual reopening" on Saturday.
Quebec police hand out hundreds of tickets to Hells Angels and other bikers before 'first run' meeting
Quebec provincial police handed out hundreds of fines to Hells Angels members and other supporting motorcycle clubs who met for their 'first run' in a small town near Sherbrooke, Que.
Auston Matthews skates ahead of Game 7, status unclear with season on the line
Auston Matthews was back on the ice with his teammates Saturday.
Russia puts Ukrainian President Zelenskyy on its wanted list
Russia has put Ukrainian President Volodymyr Zelenskyy on its wanted list, Russian state media reported Saturday, citing the interior ministry’s database.
Snakes almost on a plane: U.S. TSA discovers a bag with small snakes in passenger's pants
According to an X post by the Transportation Security Administration, officers at the Miami International Airport found the small bag of snakes hidden in a passenger's trousers on April 26 at a checkpoint.