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Teva Pharmaceutical Industries Set New 52-Week High Thursday
3/19/2010 9:01 AM ET
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(RTTNews) -
Teva Pharmaceutical Industries (TEVA: News ) announced Thursday morning that it entered into a definitive agreement to acquire ratiopharm for an enterprise value of €3.625 billion. Teva expects to complete the transaction by year-end 2010. Teva Pharmaceutical gapped open sharply higher Thursday, but was range-bound for the majority of the session. The stock closed up by $2.07 at $62.01 on strong volume. Teva climbed past the upper end of a 2 1/2 week range and set a new high for the year.
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by RTT Staff Writer
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