Connect with us

Hi, what are you looking for?

Jewish Business News

Money

Daniel Och’s New #1 Holding

Daniel Och

Daniel Och’s Oz Management has a new top holding Actavis Pharmaceutical (ACT) moved from the 4th spot last quarter to the number one position with Och’s increase in the number of shares held by 21%. Now Och has 31.8 million shares of Actavis worth $709 million.

This large increase in the Actavis stake comes at a propitious time; a month ago, ACT  announced it was acquiring Forest Laboratories (FRX) for $28 billion. It is estimated that Forest could add another 40%-50% to Actavis’ $10 billion revenue, and could earn ACT $1 billion in cost synergies. While Actavis is a leading player in generics, FRX will increase its exposure to specialty pharmaceuticals, which command higher prices.

Oz Management has the largest stake in Actavis, followed by Barry Rosenstein’s Jana Partners, with 2.65 million, Dan Loeb’s Third Point, with 2.5 million and Stephen Mandel’s Lone Pine Capital, with 2.47 million.

Newsletter



Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.