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DewDiligence

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DewDiligence

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Re: DewDiligence post# 197793

Thursday, 12/03/2015 10:34:04 AM

Thursday, December 03, 2015 10:34:04 AM

Post# of 253354
TEVA sells 54M ADRs @$62.50—a 2% discount to the closing price on 11/27/15:

http://finance.yahoo.com/news/teva-announces-pricing-public-offerings-033500053.html

TEVA has also sold $3.375B of preferred stock that automatically converts into common stock on 12/15/18. The conversion price is $62.50-75.00, based on the market price at the time of conversion.

The $6.58B net proceeds from the two offerings will be used to pay a portion of the consideration for AGN’s generic-drug business.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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