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Shareholders approve sale of IVAX to Teva.
Publication: The Miami Herald (Miami, Florida) (via Knight-Ridder/Tribune Business News) Publication Date: 28-OCT-05 |
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COPYRIGHT 2005 The Miami Herald
Byline: John Dorschner
Oct. 28--In a move that will mark the end of one of South Florida's largest companies, shareholders overwhelmingly approved Teva Pharmaceutical Industries's acquisition of IVAX, the 18-year-old Miami drug maker.
More than 98 percent of the shares of the two companies were voted in approval of the deal, the companies said.
The sale must still must clear some regulatory hurdles in Europe and the United States. The transaction is expected to close late this year or early 2006.
The shareholders' meeting...
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