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Teva said to be close to buying generic drug unit of Allergan

Published Sun, Jul 26, 2015 · 09:50 PM
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Petah Tikva, Israel

TEVA Pharmaceuticals is in advanced talks to buy the generic drug division of Allergan for about US$45 billion, a person briefed on the matter said on Saturday.

A deal could be announced as soon as Monday, this person said, though talks are ongoing and may still fall apart. Should an agreement be reached, it would be the latest hu…

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