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Patheon Inc. Reverses Year-Ago Loss With US$500,000 Profit

By Pharmaceutical Processing | June 12, 2009

TORONTO — Patheon Inc. has realized a US$500,000 profit, reversing year-ago $8-million loss as restructuring and cost-cutting program continues; revenues slide to $167.4 million from $186 million. Company says 38.7 per cent of outstanding shares have been tendered to hostile takeover bid by New York investment firm JLL Partners Inc.

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