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Israel-Based Teva Pharmaceutical Industries Smacks Down With Mylan With $40B Bid

July 18, 2023
in Trade Tube
Reading Time: 1 min read
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As Israel’s Teva Pharmaceutical Industries (TEVA) unveiled its $82 per share bid for Mylan (MYL) Tuesday, the hostile takeover attempt may be a harbinger of things to come. As consolidation increases in the generics pharmaceutical area, it may leave very few companies standing as potential targets. Mylan already has an outstanding $29 billion offer for Perrigo (PRGO). Other big consolidators in the sector besides Teva include Actavis (ACT), Forest Laboratories (FRX) and Abbott Laboratories (ABT), The Deal’s Laura Cooper reports. But as the deal field narrows and bigger deals are announced, they are also likely to draw the attention of regulators.

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