Mylan Says It Is Opposed To Possible Teva Pharmaceuticals Merger

April 17, 2015 8:40 PM

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Mylan Says It Is Opposed To Possible Teva Pharmaceuticals Merger

Generic drugmaker Mylan Mylan wants to put speculation of a possible merger with Teva Pharmaceuticals to rest. A potential deal, the company said, is “without sound industrial logic” and would have a hard time winning anti-trust clearances.

Mylan’s comments on Friday responded to reports from both Bloomberg and the Wall Street Journal that indicated Teva Pharmaceutical is considering a bid for the company. Speculation of a Teva bid pushed Mylan shares higher by over 4% on Friday, closing trading at a $32 billion market capitalization. ...

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