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Fly News Breaks for April 22, 2015
PRGO, MYL, TEVA
Apr 22, 2015 | 07:14 EDT
Wells fargo believes that Teva's (TEVA) proposed acquisition of Myla (MYL)n is more likely to get done than Mylan's proposed acquisition of Perrigo (PRGO). The firm says that the financial benefits to Teva of the Mylan deal would act as an impetus for teva to get the deal done. Additionally, Teva can raise its bid for Mylan, making it difficult for the latter company to spurn the transaction, according to the firm. Wells believes that Teva may pay up to $90-$95 per share for Mylan.
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