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stock market news Taro Pharmaceutical Industries Ltd. Pharmaceutical industry Sun Pharma g. co, kgs, rB4UF7 offers to acquire 100 stake in Taro in an allcash deal Sun Pharma proposes to fully acquire Israelbased Taro Pharmaceutical Industries Sun Pharmaceutical Industries on Saturday said it has proposed to fully acquire Israelbased Taro Pharmaceutical Industries through a reverse triangular merger. Sun Pharma currently owns a per cent stake in Taro. We envisage the proposed transaction to be consummated in the form of a reverse triangular merger under the Israeli Companies Law, 1999 and practice, Sun Pharma said in a regulatory filing. The purchase price represents a premium of 31. 2 per cent over Taro s closing price on May 25, 2023, a 41. 5 per cent premium over Taro s average closing price in the last 60 days and a compelling liquidity opportunity for Taro s shareholders, it added. Under the indicative proposal, post the acq