Sun gets boost as Taro shareholders reject Board`s re-election

In a major boost to India`s Sun
Pharma, which is locked in a takeover battle with Taro,
shareholders of the Israeli drug firm on Thursday rejected a
proposal to re-elect directors.

Sun gets support of Glass Lewis in its takeover battle Vs Taro

Sun Pharma on Tuesday said proxy advisory firm Glass Lewis & Co has recommended that shareholders of Israeli drug firm Taro should vote against the board`s proposals in the annual general meeting in month-end.

Israeli drug firm Taro files law suit against Sun Pharma

Israeli drug firm Taro
Pharmaceuticals has filed a law suit in a US district court against Mumbai-based Sun Pharmaceutical Industries alleging
violation of non-disclosure agreement and misleading shareholders.