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Potential $9.50 Buyout Rumor for Intellipharmaceutics
Potential $9.50 Buyout Rumor for Intellipharmaceutics
BriefingWire.com, 9/18/2016 -
The rumor mill of mergers and acquisitions that surrounds the pharmaceutical industry has thrown up the names of Teva Canada Ltd. and Intellipharmaceutics, with the former reportedly poised to launch a takeover bid of the biotechnology firm based in Toronto, Ontario, Canada. The latest rumor serves to inspire that Teva is prepared to pay $503 million in stock to acquire Intellipharmaceutics. Teva denied that the two companies are discussing a takeover, but also declined to say whether any talks have been held in the past says our source.
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