Teva Offers $82 A Share For Mylan; Stocks Rise

By | April 21, 2015

Scalper1 News

Teva Pharmaceutical Industries (TEVA) made a long-rumored bid for smaller generics rival Mylan (MYL) on Tuesday — 82 a share. Both stocks rose in pre-market trading. But over-the-counter products maker Perrigo (PRGO), which has an offer from Mylan, fell in early trading. Israeli-based Teva offered to buy Mylan for $40.1 billion, or 82 a share, in equal parts cash and stock. “The proposed combination of Teva and Mylan would create a leading company Scalper1 News

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