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» Teva Outbids Valeant for Cephalon in $6.8B Cash Offer
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Teva Outbids Valeant for Cephalon in $6.8B Cash Offer
May 3, 2011
By
Catherine Shaffer
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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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