RE:Teva makes $40 Billion ish bid for Mylan...todayA bit of an update on th Teva bid for Mylan:
-It is a hostile bid and Teva is making no effort to schmooz Mylan managemnt...apparently they are thinking shareholders will vote in favor of the bid with its 20% premium price to market price before the bid.
-It looks like Mylan management is not in favor of selling. Speculation is that this is because certain Mylan management have been using the company as a "personal piggy bank" .... There is also the possibility they think they can do better long term by just growing the business organically..
-I would put a 30% chance of this deal going through, but this is just a guesstimate.
-BTW the Mylan CEO's dad is a US Senator...