Taro Shareholders Approve Merger with Sun Pharma Mumbai, India and New York, USA May 23, 2024 - Sun Pharmaceutical Industries Limited and Taro Pharmaceutical Industries Ltd. .
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Shareholders of Taro Pharmaceutical Industries have approved a merger agreement with Sun Pharmaceutical Industries, bringing to a close, an over 10-year-long publicly fought feud between the companies.
Sun Pharma, Taro s controlling shareholder, has agreed to acquire all of the outstanding ordinary shares of Taro for $43.00 per share in cash without interest.