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Israel court dismisses Taro appeal; lifts injunction on Sun tender offer

This article was originally published in Scrip

Executive Summary

Sun Pharmaceutical Industries has edged closer to resolving its long-running takeover dispute against Taro Pharmaceutical Industries after the Supreme Court of Israel dismissed Taro's appeal against a previous ruling by the Tel Aviv District Court that held that the Israeli special tender offer (STO) rules do not apply to Sun's tender offer.

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