Mylan's (MYL) Price Target Reduced to $65 at Deutsche Bank

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Go back to Mylan's (MYL) Price Target Reduced to $65 at Deutsche Bank

Mylan Comments on Teva's Agreement to Acquire Allergan's Generic Drug Unit

July 27, 2015 6:42 AM EDT

HERTFORDSHIRE, England and PITTSBURGH, July 27, 2015 /PRNewswire/ -- Mylan N.V. (NASDAQ: MYL) today issued the following statement regarding Teva's (NYSE and TASE: TEVA) announcement of its entry into an agreement to acquire Allergan's Generic Drug Unit and its withdrawal of its unsolicited expression of interest to acquire Mylan.

Mylan Executive Chairman Robert J. Coury stated: "We congratulate Teva on their agreement to acquire Allergan's generics business and welcome their continued, and potentially enhanced, commitment to the generics industry. As Teva continues to move forward with their... More