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Teva gains standing to challenge Mylan poison pill
2015-06-19 15:52:18| Biotech - Topix.net
Teva Pharmaceutical Industries Ltd. has acquired a 4.61 percent stake in generic drug rival Mylan N.V., giving Teva standing to challenge Mylan's Dutch poison-pill defense against a hostile takeover.
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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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Nova gets ratings boost; Heinz closing California plant; Teva ups Mylan stake
2015-06-13 08:28:49| Food - Topix.net
Fitch Ratings upgraded the rating on Nova Chemicals Corp.'s $1.7 billion in debt to BBB-minus and revised its rating outlook to stable from positive. Fitch said Nova has benefited from low-cost feedstocks at its Canadian plants, has strong cash balances, and has reduced its debt since being acquired in 2009 by International Petroleum Investment Co.
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Teva accuses Mylan of 'desperate attempt' to suppress bid
2015-06-08 19:51:18| Biotech - Topix.net
Teva Pharmaceutical says rival generic drugmaker Mylan is engaging in a "desperate attempt" to keep its board and shareholders from considering Teva's $40 billion-plus takeover offer. The claim, delivered Monday in a letter to Mylan, was the latest round of caustic barbs traded by the companies.
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Teva ups stake in Mylan
2015-06-06 01:23:39| Biotech - Topix.net
Teva Pharmaceutical Industries Ltd. has increased its stake in Mylan N.V. to about 2.2 percent , ramping up its acquisition plans and accumulating about 10.5 million shares in the company as of Thursday. Teva took a 1.8 percent stake in Mylan last week .
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