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Taro shareholders approve merger with Sun Pharma

The combined entity will enable to better serve the needs of patients, healthcare professionals and our customers around the world

Sun Pharmaceutical Industries and Taro Pharmaceutical Industries announced that the merger agreement between Taro and Sun Pharma was approved by the affirmative vote of Taro shareholders (including a vote of the majority of shares held by Taro shareholders unaffiliated with Sun Pharma) at an Extraordinary General Meeting and an Ordinary Class Meeting on May 22, 2024. The details of the merger agreement were announced on January 17, 2024. 

Dilip Shanghvi, MD, Sun Pharma, said, “We are pleased with the approval by Taro’s shareholders, which, subject to the remaining closing conditions, will enable Taro to merge with Sun. The combined entity will enable us to better serve the needs of patients, healthcare professionals and our customers around the world.” 

Uday Baldota, CEO, Taro, said, “Throughout our 15-year relationship with Sun Pharma, Taro has benefited from their global scale and resources. This merger will further enable us to compete effectively in our products and markets.”

 

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