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Mylan Inc Drops Out Of Rottapharm Talks; Rovati Family Looking To Forest Laboratories, Inc. And Watson Pharmaceuticals, Inc. For Stake Sale-Reuters
Reuters reported that Mylan Inc has pulled out of talks to buy a stake in Italian pharmaceuticals firm Rottapharm. The Rovati family had been looking to find an investor among pharma groups such as Mylan, Forest Laboratories, Inc. and Watson Pharmaceuticals, Inc., after it failed to sell a minority stake to private equity houses. But the sources said the selling family has not been able to agree to give up control of the company and was not prepared to compromise enough on price either.
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