EU Extends Inspection Of Teva-Barr Deal

Law360, New York (December 2, 2008, 12:00 AM EST) -- The European Union’s antitrust watchdog pushed back the deadline for its review of Teva Pharmaceutical Industries Ltd.'s proposed multibillion-dollar takeover of generic-drug rival Barr Pharmaceuticals Inc. on Tuesday.

The European Commission extended its inspection of the proposed merger from Dec. 8 to Dec. 22 as it takes a look at remedies to mitigate potential risks to competition, according to the EC’s daily list of mergers under review.

In a first-phase merger inquiry, there is an automatic 10-working-day extension of the deadline if the parties offer remedies,...
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