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Fly News Breaks for April 27, 2015
TEVA, PRGO, MYL
Apr 27, 2015 | 07:15 EDT
After Mylan (MYL) announced its formal takeover offer for Perrigo (PRGO), Wells Fargo says that Mylan's lower than expected synergy guidance and the confirmation that Mylan shareholders will be required to approve the deal increase the chances that Teva will wind up buying Mylan. Wells continues to believe that Teva can significantly increase its bid for Mylan and that Mylan may have difficulty rejecting such an offer.
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