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FTC Seeks Additional Info From Teva, Cephalon Regarding Merger

DOW JONES NEWSWIRES Teva Pharmaceutical Industries Ltd. (TEVA, TEVA.TV) and acquisition target Cephalon Inc. (CEPH) each received a request to provide additional information to the U.S. Federal Trade Commission related to a pending $6.8 billion deal between the firms. Israel-based Teva, which trumped a hostile offer from Valeant Pharmaceuticals International Inc. (VRX) in agreeing to buy Cephalon last month, said it had expected the request. The parties have been cooperating with the FTC staff since shortly after the bid was announced, according to Teva, which said it intends to win clearance "as promptly as possible." Teva on Monday said it continues to expect the deal to be completed in the third quarter, following clearance from U.S. and European regulators, as well as winning approval of Cephalon shareholders. Teva's American depositary shares were recently up 0.4% to $49.35 in after-hours trading. -By John Kell, Dow Jones Newswires; 212-416-2480; john.kell@dowjones.com

Stock News for Valeant Pharma (VRX)
DateTimeHeadline
05/03/201607:00:00Joseph C. Papa Assumes Role Of Chairman And Chief Executive Officer...
05/03/201607:00:00Joseph C. Papa Assumes Role Of Chairman And Chief Executive Officer...
05/02/201613:34:00Ackman: No Plans to Sell Any Valeant `Crown Jewel' Assets -CNBC
04/30/201603:03:00Valeant Default Fears 'Cured' -- WSJ
04/30/201603:03:00Sequoia Reopens To New Clients -- WSJ
04/29/201618:01:00Valeant Holder Sequoia Fund Reopens to New Investors -- 2nd Update
04/29/201617:31:00Valeant Holder Sequoia Fund Reopens to New Investors -- Update
04/29/201616:51:19Additional Proxy Soliciting Materials (definitive) (defa14a)
04/29/201613:30:00Valeant Files Overdue Annual Report, Makes Sweeping Board Changes--Update
04/29/201612:43:00Valeant Files Overdue Annual Report, Makes Sweeping Board Changes--Update
04/29/201612:20:00Valeant Holder Sequoia Fund Reopens to New Investors
04/29/201611:06:36Proxy Statement (definitive) (def 14a)
04/29/201610:15:00Valeant Files Overdue Annual Report, Makes Sweeping Board Changes--Update
04/29/201609:31:00Valeant Announces Nominees For Election To Board Of Directors
04/29/201609:31:00Valeant Announces Nominees For Election To Board Of Directors
04/29/201609:13:00Valeant Files Overdue Annual Report, Resolving Risk of Default--Update
04/29/201608:57:00Valeant Files Overdue Annual Report, Resolving Risk of Default--Update
04/29/201608:42:00Valeant Files Overdue Annual Report--Update
04/29/201608:30:00Valeant Files Overdue Annual Report
04/29/201607:45:25Current Report Filing (8-k)

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