Mylan Not Expected to Drop Bid for King Pharmaceuticals

Charleston Daily Mail (December 10, 2004)

Author: The Associated Press
Permanent Link: http://vlex.com/vid/mylan-drop-bid-king-pharmaceuticals-64450090
Id. vLex: VLEX-64450090

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Summary:

PITTSBURGH - If Mylan Laboratories Inc. wants a way out of its takeover bid for King Pharmaceuticals, King's earnings restatement may provide just the excuse Mylan needed to wriggle out of the $4 billion deal that Wall Street disliked from the beginning.

While Mylan has remained mum since King's announcement Wednesday, few expect the generic drugmaker to use the escape clause.

Extract:

Mylan Not Expected to Drop Bid for King Pharmaceuticals

King on Wednesday announced that earnings for 2002, 2003 and ...



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