Sun Pharma to buy remaining stake in Israeli unit Taro for about $348m

Sun Pharma to buy remaining stake in Israeli unit Taro for about $348m

The Sun Pharmaceutical Industries Ltd. headquarters stand in Mumbai, India, on Thursday, May 2, 2019. Photographer: Kanishka Sonthalia/Bloomberg

India’s Sun Pharmaceutical Industries Limited said on Wednesday it would buy all the shares of Taro Pharmaceutical Industries it does not already own for $43 per share in cash, effectively taking full control of its unit.

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