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Teva Pharmaceutical Industries Limited (TEVA) Announces Final Results Of Merger Consideration In Connection With IVAX Corporation (IVX)



2/1/2006 2:55:52 PM

JERUSALEM--(BUSINESS WIRE)--Feb. 1, 2006--Teva Pharmaceutical Industries Ltd. (Nasdaq: TEVA) announced today the final results of the elections made by the shareholders of Ivax Corporation for the form of merger consideration to be received in Teva's acquisition of Ivax, which closed on January 26, 2006. Pursuant to the merger agreement between the parties, Ivax shareholders had the right to elect to receive for each Ivax share they owned either 0.8471 Teva ADRs or $26.00 in cash, subject to proration. Based on the final results of the elections, the merger consideration to be paid to Ivax shareholders is:

Read at BioSpace.com

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