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Stock Market & Financial Investment News

News Breaks
November 21, 2012
08:11 EDTTEVATeva Chairman Frost: No more major acquisitions, Bloomberg reports
Teva Pharmaceutical Industries (TEVA) Chairman Phillip Frost says the generic drug company is moving away from multi billion-dollar acquisitions, reports Bloomberg. “Acquisitions don’t have to be major to be important,” he says. “The idea of the multibillion-dollar type of acquisition is going to be reserved for very special cases going forward, in which the desirability is so compelling and so game-changing that everyone will feel it has to be done.” Reference Link
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