Soros fund raises stake in Teva


Teva (TEVA) has received a vote of confidence from George Soros, whose family office increased its stake in the Israeli pharmaceuticals company by 5.7M shares in Q4.

The move boosted the value of Soros Fund Management's stake in Teva to $373M, or 4% of the $9.2B vehicle.

The news comes after Teva named turn-around specialist Erez Vigodman as CEO in January.

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Comments (2)
  • Ajayyy
    , contributor
    Comments (325) | Send Message
     
    Everything about TEVA has been a buy signal for last few months. Add this to the list of other positive news.
    16 Feb 2014, 08:41 PM Reply Like
  • chopchop0
    , contributor
    Comments (5083) | Send Message
     
    Perfect place to dump if you've been long. This has been one broken stock/company since 2010.
    17 Feb 2014, 09:04 AM Reply Like
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