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India Court Puts $3.2B Sun Pharma, Ranbaxy Merger On Hold

By Chelsea Naso ( April 30, 2014, 2:13 PM EDT) -- An Indian court on Friday halted Sun Pharmaceuticals Inc.'s $3.2 billion all-stock takeover of struggling rival Ranbaxy Laboratories Ltd., following a petition lodged earlier last week by two Sun Pharma shareholders alleging the companies had violated the country's insider trading rules....

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