John Paulson Increases Stake In Mylan NV To 4.5% Amid TEVA Bid

Billionaire hedge fund manager John Paulson, who became a household name during the Great Recession for a hugely successful short on subprime mortgages, increased his ownership of Mylan NV to 4.5% or 22 million shares. John Paulson bought the additional seven million shares of Mylan on April 30th. Paulson’s hedge fund, Paulson & Co., increases their stake during a time in which Mylan faces a possible merger with Perrigo Company or a takeover by Teva Pharmaceuticals.  Paulson favors the $41 billion takeover offer from Teva, while management of Mylan is convinced that acquiring Perrigo is the proper route. Debate over…