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Big shareholder backs drugmaker Mylan
2015-06-16 17:58:59| Biotech - Topix.net
Mylan's biggest shareholder is backing the generic drugmaker's plan to remain a stand-alone company as it fights a takeover bid from larger rival Teva Pharmaceutical. Abbott Laboratories also says it will vote its nearly 15 percent stake in Mylan in favor of that company's proposed Perrigo acquisition bid, which is valued at around $34 billion.
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Category:Biotechnology and Pharmaceuticals
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