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Exclusive: Teva poised to raise its stake in Mylan - sources

2015-06-03 01:35:29| Biotech - Topix.net

The strategy is a sign of Teva's commitment to its $40 billion bid for Mylan, as the latter presses on with its own $34 billion hostile bid for over-the-counter drug company Perrigo Company Plc ( Teva last week disclosed a 1.8 percent stake in Mylan, which blasted the move as breaching U.S. antitrust laws because of the stake's size. U.S antitrust laws bar companies from acquiring stakes worth more than $76.3 million in rivals without first obtaining regulatory approval.

Tags: sources exclusive raise stake

Category:Biotechnology and Pharmaceuticals

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