Three Way Takeover Battle: Teva’s Mylan stake up to 4.3%

Teva is now close to the 4.6% stake in Mylan that will give it standing in the Netherlands courts.

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


Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) continues to accumulate shares in takeover target Mylan (MYL), even as Mylan’s largest shareholder, Abbott Labs (NYSE: ABT), announced its support for Mylan’s own $34 billion bid to buy Perrigo Company (NYSE:PRGO; TASE:PRGO), in effect rejecting Teva’s bid.

Yesterday, Teva bought another 2 million Mylan shares for close to $150 million, reaching a holding of 4.3% in its generic drugs competitor. Teva is thus nearing the 4.6% threshold required to give it standing in any legal proceedings over its bid in the Netherlands, where Mylan is registered. Teva’s stake in Mylan is now worth over $1.5 billion…

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

By Jewish Business News Correspondent On Wednesday, June 17th, 2015

Three Way Takeover Battle: Abbott Labs to Back Mylan’s Acquisition of Perrigo

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L-R Robert-J-Coury-1-Mylan- Teva Erez Vinograd and Yitzhak Peterburg

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By Ilan Shavit On Tuesday, June 2nd, 2015

Mylan to Teva: Stop Playing Games With Our Company

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L- R Joseph Papa,   Perrigo,   Heather Bresch of Maylen ,   Erez Vigodman ,  Teva  - 11

By Niva Goldberg On Saturday, May 30th, 2015

Mylan’s CEO on Teva “They Are Getting Ready to Go Off the Cliff”

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Joseph C. Papa - PERRIGO - PR

By Niva Goldberg On Tuesday, May 19th, 2015

Perrigo CEO Will Discuss Deal With Mylan at Right Price

Perrigo Company (NYSE:PRGO; TASE:PRGO) CEO Joseph Papa is ready to talk with Mylan N.V. (MYL) about its takeover bid, but at a higher price. The rival drugmaker’s present bid is nowhere near there. Perrigo More…


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