By The Numbers

The numbers for July 29, 2013: Crossing borders

Ethan Lindsey Jul 29, 2013

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$8.6 billion

Perrigo, the largest maker of generic over-the-counter medications like store-brand aspirin, says it will be buy the Irish drugmaker Elan for $8.6 billion. Perrigo gets royalties from Elan’s best-selling treatment for multiple sclerosis. Perrigo also gets a new address for its tax returns. Currently based in Allegan, Mich., Perrigo will officially move to Ireland, where corporate tax rates are lower. (WSJ)

$42,000

BMW unveiled its first mass production all-electric car: The i3. The sticker price of the car will be $42,000, before collecting any tax breaks for which you may be eligible. For a few thousands dollars more, BMW will include a “range extender.” What helps extend your range? A car engine that uses gas. (BMW)

$2.4 billion

Saks is moving north — the Great, White North to be exact. The U.S. luxury retailer Saks agreed to sell itself to Hudson’s Bay, the Canadian parent of upscale retailer Lord & Taylor, for about $2.4 billion. Hudson’s Bay is looking to grow its footprint in the U.S., now that Target and other major U.S. companies are targetting Canadian markets. (Bloomberg)

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