Bentley Pharma (BNT) Announces Adjustment To Teva (TEVA) Merger Price
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Bentley Pharmaceuticals, Inc. (NYSE: BNT) said the aggregate cash purchase price for its acquisition by Teva Pharmaceutical Industries Ltd. (Nasdaq: TEVA) has been adjusted in accordance with the merger agreement after completion of the previously announced taxable spin-off of its drug delivery business, CPEX Pharmaceuticals, Inc. (NASDAQ: CPEX).
Bentley stockholders will receive from Teva a final per-share purchase price of approximately $14.82 in cash in exchange for their Bentley common stock if the merger agreement is approved by Bentley’s stockholders and the other closing conditions are satisfied or waived in accordance with the merger agreement.
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