Barr (BRL) Shareholders Approval Proposed Acquisition of Teva (TEVA)

November 21, 2008 2:16 PM EST

Barr Pharmaceuticals, Inc. (NYSE: BRL) announced that its shareholders overwhelmingly approved the proposals submitted to them relating to the acquisition of Barr by Teva Pharmaceuticals Industries Ltd. (Nasdaq: TEVA).

"Today's vote demonstrated the overwhelming support of the transaction by the Barr shareholders," said Bruce L. Downey, Barr's Chairman and CEO. "We are pleased with the progress that we continue to make towards completion of the acquisition of Barr by Teva, and we and Teva continue to anticipate completing this transaction prior to the end of the year and combining our two strong organizations."

Barr Pharmaceuticals, Inc. is a global specialty pharmaceutical company that operates in more than 30 countries worldwide and is engaged in the development, manufacture and marketing of generic and proprietary pharmaceuticals, biopharmaceuticals and active pharmaceutical ingredients.[SM]


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BRL 66.75

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TEVA 41.71

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