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Sun Pharmaceutical Industries Ltd Ends Deal To Take Over Israeli Unit Taro Pharmaceutical Industries Ltd-Reuters


Saturday, 9 Feb 2013 11:04am EST 

Reuters reported that Sun Pharmaceutical Industries Ltd has ended its agreement to gain full control over its Israeli unit Taro Pharmaceutical Industries Ltd. Sun Pharma had last offered $39.50 per share, or about $571 million, for the one-third stake it did not already own in Taro, seemingly winning over the Israeli company's board following a long battle to gain full control of the U.S.-listed drugmaker. 

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