Teva Pharmaceutical Industries Limited Advances Amid Takeover Prospects

Teva Pharmaceutical Industries Ltd. (TEVA), the world’s largest maker of generic drugs, posted the biggest weekly gain since 2008 as a surge in health-care industry deals spurred speculation the company may be acquired. Shares of the Petach Tikva, Israel-based company advanced 9.6 percent last week to $48.45, the most since October 2008. Trading volume in the week was 62 percent higher than the 12-month average, data compiled by Bloomberg show.

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