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EU: Mylan to Teva: ‘Stop meddling in our affairs’

By  |  June 2, 2015

Mylan Executive Chairman Robert Coury is telling Teva Pharmaceutical Industries to “stop playing games with our company” in a strongly worded letter released Monday.

Teva said back in April it wanted to make a $40 billion bid to acquire the generic pharmaceutical company that is run out of Washington County. The bid was rejected by Mylan’s board — and Coury in a strongly worded responses — but Teva has kept interest even as Mylan pursues its own unsolicited bid for another generic pharmaceutical company, Perrigo plc.

Coury wrote that without “an actual offer” or the timing, Teva should provide “unequivocal clarification” about what it wants to do with Mylan. The letter was sent to Teva’s CEO and also filed with the SEC.

Full content: Bloomberg

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