Krensavage Asset Management Remains Opposed to Sun's Predatory Bid for Taro [Yahoo! Finance]
Taro Pharmaceutical Industries Ltd. Ordinary Shares (TARO)
Last taro pharmaceutical industries ltd. ordinary shares earnings: 2/3 05:21 pm
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Source: Yahoo! Finance
Krensavage Asset Management LLC 610 Fifth Avenue Suite 301 New York, NY info@krensavage.com Taro Special Committee Linda Benshoshan linda@lindabs.co.il Dear Linda, As the largest minority shareholder of Taro Pharmaceutical Industries Ltd. (NYSE: TARO), Krensavage Asset Management LLC remains opposed to Sun Pharmaceutical Industries Ltd.'s inadequate bid to take Taro private. Since we expressed our dismay in an open letter July 19 , Sun, a 78.5% Taro shareholder, hiked its bid 13% to a share, valuing Taro at $1.6 billion . Sun on May 26 disclosed a lowball bid for Taro. Sun's new offer amounts to a 9% discount to the value of Taro's tangible assets, primarily a share of net cash. Including real estate and other hard assets, Taro's liquidation value likely approaches a share Sun is valuing Taro at $310 million , net of cash, for a business that generated $2.4 billion of cash in the 10 years ended March 31 , the close of Taro's most-recent fiscal year. We quest
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TARO
News
- Taro Pharmaceutical Industries Ltd. (NYSE: TARO) is now covered by analysts at StockNews.com. They set a "strong-buy" rating on the stock.MarketBeat
- TARO PHARMACEUTICAL INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Taro Pharmaceutical Industries Ltd. - TAROBusiness Wire
- Taro Pharmaceutical Industries Ltd. (NYSE: TARO) is now covered by analysts at StockNews.com. They set a "strong-buy" rating on the stock.MarketBeat
- Taro Announces Extraordinary General Meeting and Ordinary Class Meeting of Shareholders for Approval of Merger with Sun Pharmaceutical Industries Ltd. [Yahoo! Finance]Yahoo! Finance
- Taro Announces Extraordinary General Meeting and Ordinary Class Meeting of Shareholders for Approval of Merger with Sun Pharmaceutical Industries Ltd.Business Wire
TARO
Earnings
- 1/25/24 - Beat
TARO
Sec Filings
- 4/15/24 - Form SC
- 3/20/24 - Form SC
- 3/11/24 - Form SC
- TARO's page on the SEC website