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Relational Investors, which is run by activist investor Ralph Whitworth, raises its stake in Par...

Relational Investors, which is run by activist investor Ralph Whitworth, raises its stake in Par Pharmaceutical (PRX +1.7%) and says the generic drug company should focus on selling itself. "Specifically, (Relational is) confident that substantial cost savings could be achieved in a transaction with a strategic buyer," the firm says.
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