May 9, 2018 / 6:29 AM / 2 months ago

BUZZ-India's Strides Shasun rises after merger deal with Apotex

** Shares in Strides Shasun Ltd rise as much as 2.6 pct to 566.60 rupees

** Pharma company to merge its Australian businesses with Apotex’s Australian unit in a share swap deal

** Says deal will be EPS accretive from the first year through merger synergies

** Says merged business to be supported by manufacturing facilities of both the companies

** Adds merged entity to have about 3200 first line pharmacy accounts; Apotex’s Hospital business to be retained by Apotex

** Strides posts biggest intraday pct gain since April 23

;Editing by Vyas Mohan

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