Teva Pharmaceutical offers to buy Mylan for $31bn

GMT 13:14 2015 Tuesday ,21 April

Arab Today, arab today Teva Pharmaceutical offers to buy Mylan for $31bn

Teva Pharmaceutical
New York - Arab Today

Teva Pharmaceutical Tuesday launched an unsolicited bid to buy Mylan for $31 billion in a transaction that would create a behemoth in generic drugs.

Teva's cash-and-stock bid would quash an unsolicited bid by Mylan earlier this month to acquire Perrigo for $28.9 billion. Teva said its bid amounted to superior value for Mylan shareholders compared with Mylan's approach to Perrigo.

 

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