Mylan (MYL) Stock Spikes in Afternoon Trading on Teva Takeover Speculation

April 17, 2015 7:46 PM

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Mylan (MYL) Stock Spikes in Afternoon Trading on Teva Takeover Speculation

NEW YORK (TheStreet) -- Mylan(MYL - Get Report) shares have spiked in afternoon trading today and are up 4% to $69.51 following reports that the biopharmaceutical company has become a takeover target for Teva Pharmaceutical Industries(TEVA), according to Bloomberg.

However, Mylan released a statement less than an hour ago that disputes these claims, saying that the company is committed to remaining a stand alone entity.

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