Teva Outbids Valeant for Cephalon in $6.8B Cash Offer
By Catherine Shaffer
Tuesday, May 3, 2011
Jerusalem's Teva Pharmaceutical Industries Ltd., announced this morning that it will acquire Frazer, Pa.-based Cephalon Inc. for $6.8 billion in cash, trumping Valeant Pharmaceutical International Inc.'s recent hostile bid of $5.7 billion.
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