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