Pliva Holders Vote for Barr Deal

Reports say the U.S. company has enough shares to complete the acquisition.
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Barr Laboratories

(BRL)

appears to have secured enough shares to acquire the Croatian generic-drug company

Pliva

.

According to reports by

Reuters

and

Bloomberg

that cited information from Croatian regulators, Barr has received nearly 73% of Pliva's shares in a tender offer.

Barr needed a majority of Pliva's shares to complete the $2.5 billion offer as it bid against Iceland's

Actavis Group

.

The tender offer is scheduled to expire at midnight Wednesday, and the official results will take about a week to count. The combination of Barr and Pliva will create the world's third-largest generic-drug company, behind

Teva Pharmaceutical Industries

(TEVA) - Get Report

and the Sandoz unit of

Novartis

(NVS) - Get Report

.