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Steges

07/29/16 10:39 AM

#218798 RE: namtae #218796

The drug(s) purchased by Mikah in the divestiture would have been in process for awhile, prior to any knowledge of the CRL coming. This happens under the oversight of the FTC. The acquisition is in the final stages of closing. It takes months for the process to play out. We are talking about $1B in divestitures (the biggest in history). As soon as Teva closes, the divestitures must be completed within 10 days. One must assume that Hakim has secured something positive out of the 79 options for Elite. This could be very interesting.