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Mylan could settle for buying control of Perrigo, rather than full ownership, keeping Perrigo listed on the TASE.
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Mylan could settle for buying control of Perrigo, rather than full ownership, keeping Perrigo listed on the TASE.
Teva bought its 4.6% stake in Mylan at prices of $69-74 per share. the share price is down sharply in premarket trading.
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Teva is now close to the 4.6% stake in Mylan that will give it standing in the Netherlands courts.
Mylan has confirmed it will dual list on the TASE and Nasdaq if it acquires Perrigo
A Credit Suisse study finds that most hostile bids fail, especially if antitrust concerns are involved.
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Teva CFO Eyal Desheh told Merrill Lynch that it could secure antitrust clearance for the takeover in 4-7 months.