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Taro Says Guggenheim Confident It Can Arrange $15 Share Offer

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June 2 (Bloomberg) -- Taro Pharmaceutical Industries Ltd. said its investment bank, Guggenheim Securities LLC, “is highly confident” it can arrange for institutional investors to buy Sun Pharmaceutical Industries Ltd.’s stake in Taro for $15 a share. Taro commented in a regulatory filing. Sun told Guggenheim that Sun wasn’t interested in pursuing the offer, according to the filing.

Link to Company News:{SUNP IN <Equity> CN <GO>} Link to Company News:{TAROF US <Equity> CN <GO>}

To contact the editor responsible for this story: Phil Serafino at pserafino@bloomberg.net

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