TEVA Pharmaceuticals: Brett Saunders Interview

Teva Pharmaceuticals (NYSE: TEVA)

Special Situations: Brent Saunders Interview

August 8, 2017

DISCUSSION

In an interview with Jim Cramer last night, Allergan (NYSE: AGN) CEO Brent Saunders had the following to say with regard to AGN’s 10% stake in TEVA: 

“…we’re responsible stewards. We will sell the stock over the next few quarters in a very responsible way. We’re not going to be long term into TEVA. 

“But I’m not sure selling at this price is the right price, either.”

So while obviously this represents a multi-quarter overhang, IMO this comment should stem the immediate panic. 

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