Stocks for both companies shot up after news that Teva is weighing a takeover bid for Mylan
Teva Pharmaceutical Industries Ltd. (NYSE:TEVA) shot up 3% during trade yesterday, as people close to the matter reported that the company is weighing a takeover bid for Mylan NV (NASDAQ:MYL). If the takeover happens, it will place Teva among the giants of the generic-drug industry worldwide. Mylan,...
Also read: Brooks Koepka wins second straight US Open