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

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

Abbott Laboratories (NYSE: ABT), said it would back the generic pharmaceutical company Mylan’s (MYL) $34 billion bid acquisition of Perrigo Co Plc (PRGO.N). Abbott Lab potentially helping Mylan forfend $40 More…

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By Shiri Habib-Valdhorn On Monday, June 15th, 2015

Three Way Takeover Battle: Statistics Weigh Against Teva’s Mylan Bid Succeeding

Will drug company Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) succeed in its attempted hostile takeover of rival Mylan (MYL), or will it be Mylan that succeeds in its own hostile takeover More…

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

By Clive Minchom On Monday, June 8th, 2015

Teva Issues New Letter to Mylan NV Confirming Seriousness of Offer to Acquire Mylan

Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) issued a new open letter on Monday, signed by both the Teva Chairman Yitzhak Peterburgand and Teva’s CEO Erez Vigodman, addressed to Robert More…

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By Ilan Shavit On Tuesday, June 2nd, 2015

Mylan to Teva: Stop Playing Games With Our Company

Mylan reports that Teva Pharmaceutical Industries, which has made an unsolicited offer for the company, violated U.S. anti-trust rules by acquiring a stake, but did not clarify which anti-trust rule it violated. Five More…

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”

“We just don’t think Teva is the right company” to combine with, “They are getting ready to go off the cliff, ” Mylan NV, CEO Heather Bresch said Friday at a conference in New York City hosted by Sanford More…

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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