Connect with us

Hi, what are you looking for?

Jewish Business News

Business

Three way takeover battle: Mylan chairman tells investors he would consider buying Teva

 

TEVA ,   EREZ VIGODMAN Robert-J-Coury-1 Mylan 320X=p

Reuters Exclusive:

Generics drugmaker Mylan NV (MYL.O), which is in the middle of a three-way takeover battle, has said it is unwilling to sell itself to Israeli rival Teva Pharmaceuticals Industries Ltd (TEVA.TA), but would consider buying that company down the road, Mylan Executive Chairman Robert Coury told investors this week. The company has been steadfast in its refusal to combine with Teva and is instead encouraging shareholders to support its own $34 billion unsolicited offer for over-the-counter drugmaker Perrigo Co Plc (PRGO.N)…

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at [email protected].
Thank you.

[READ MORE]

By Olivia Oran and Caryoline Humer

***

Bloomberg:

Teva Pharmaceutical Industries Ltd. is in discussions with banks to raise about $25 billion in financing to back its unsolicited bid for Mylan NV, according to people with knowledge of the matter… [READ MORE]

By Dinesh Nair Manuel Baigorri Ed Hammond

Newsletter



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Life-Style Health

Medint’s medical researchers provide data-driven insights to help patients make decisions; It is affordable- hundreds rather than thousands of dollars

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

History & Archeology

A groundbreaking discovery in the Manot Cave in the Western Galilee, Israel has unearthed the earliest evidence in the Levant (and among the world's...