June 2008


Its advancing step by step for Sun Pharma. In compliance with the merger agreement signed with Taro Pharma, Sun has commenced its tender offer for the controlling shares in Taro. Here is the news release.

It’s almost impossible that Taro promoters/controlling shareholders will subscribe to the offer and its known that Sun’s current move is to fortify itself with all the legal armoury to take on Taro for a protracted legal battle.

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