Purported termination of merger ‘improper’
Purported termination of merger ‘improper’
Mumbai: Dilip Shanghvi, chairman and managing director, Sun Pharmaceutical Industries Ltd, says in an email interview that his company has had enough of the misrepresentations from Taro Pharmaceuticals. Edited excerpts:
Would the exercise of the option agreement amount to an acceptance of Taro’s termination of the merger deal?
What is Sun’s current stand on Taro’s intention to sell its Irish unit?
The move is not in the company’s best interests.
What led to this situation after a very cordial signing?
Difficult to say. We have fulfilled the requirements of the merger agreement in good faith.
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