Teva Pharmaceutical Industries Ltd. (TEVA) denied that it has chosen a new chairman after an activist investor identified Vice Chairman Amir Elstein as the board’s pick to oversee the generic-drug maker.
Moshe Many, Teva’s former vice chairman, informed investor Benny Landa that Elstein was chosen to replace outgoing chairman Phillip Frost, Landa wrote on his blog in a post dated yesterday. He confirmed the contents of the blog in a phone interview today.
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