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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
09/01/201504:10:00Valeant Strikes Psoriasis-Drug Pact With AstraZeneca
09/01/201503:42:00Valeant Strikes Psoriasis-Drug Pact With AstraZeneca
09/01/201502:00:00Valeant And AstraZeneca To Partner On Brodalumab
09/01/201502:00:00Valeant And AstraZeneca To Partner On Brodalumab
08/27/201516:35:25Statement of Changes in Beneficial Ownership (4)
08/25/201516:48:25Statement of Changes in Beneficial Ownership (4)
08/25/201508:40:45Current Report Filing (8-k)
08/25/201508:00:00Valeant Pharmaceuticals Announces The Addition Of D. Robert Hale...
08/25/201508:00:00Valeant Pharmaceuticals Announces The Addition Of D. Robert Hale...
08/20/201507:28:00Valeant Pharmaceuticals To Acquire Sprout Pharmaceuticals
08/20/201507:28:00Valeant Pharmaceuticals To Acquire Sprout Pharmaceuticals
08/14/201514:19:16Bernie Sanders, Elijah Cummings Question Valeant on Heart-Drug...
08/10/201509:15:00Active Equities to Watch in the Healthcare Sector -- AstraZeneca...
08/10/201509:10:21Endo International Beats Revenue, Earnings Targets
08/06/201509:10:27Activist Ackman Takes $5.5 Billion Stake in Snacks Giant Mondelez
08/05/201509:30:07Allergan Changes Deal for Kythera
08/03/201516:55:24Statement of Changes in Beneficial Ownership (4)
07/30/201501:00:00Pharming Reports on Financial Results First Half Year 2015
07/28/201506:06:27Quarterly Report (10-q)
07/26/201521:52:43Teva Poised to Get a Big Boost in Generics

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