Sun extends deadline for Taro tender offer
India's Sun Pharmaceuticals has extended the expiration date of the tender offer for the acquisition of Taro to allow the Israeli firm to appeal a court ruling permitting the deal.
The offer will now expire at 5:00pm EST, on October 3. However, no agreement will be able to close before a Tel-Aviv court ruling that the offer is legal can be appealed by Taro (Marketletter September 1).
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