U.S. Investment Bank Tried to Sell Teva Division Without Company's Knowledge

Firm's effort was spurred by rumors at a pharmaceutical convention in San Francisco in January that Teva was planning on partially divesting.

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Teva CEO Jeremy Levin probably opened his conversation on Sunday night with a U.S.-based official from Jefferies, an investment banking firm, something like this: "So tell me, is it possible that you are...