Sun extends expiration date of Taro tender offer
India's Sun Pharmaceutical Industries says its subsidiary, Alkaloida, has extended the expiration date of the tender offer to purchase all outstanding shares of Israel's Taro to 5pm, New York time, on January 30, 2009, unless further extended or earlier terminated. The extension is meant to comply with a continuing order issued by the Supreme Court of Israel temporarily prohibit closing until it issues a decision on the appeal of the litigation commenced by Taro (Marketletters passim).
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