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Teva Chairman Phillip Frost Sold Shares For $7 Million

Following the sale, Phillip Frost still owns Teva shares worth more than $500 million.

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Phillip Frost / Getty

Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) chairman Phillip Frost sold 167, 720 shares in the company for $7 million during 2013, the company said in filing with the US Securities and Exchange Commission (SEC).

Following the sales, Frost owns 14, 419, 484 Teva shares worth more than $500 million.

Capital Research bought 52, 572, 300 Teva shares during 2013.

 

Published by Globes [online], Israel business news – www.globes-online.com 

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