Shares of Teva Pharmaceutical (there’s awkwardly no “s” at the end because its full name is Teva Pharmaceutical Industries) are once again trading at an historic high.
But they might not be there today if it weren’t for a tragedy.
One of my Twitter followerstweeted this link to an articlethat details the awful backstory on what happened to the founder of Ratiopharm. Teva is buying the German generic drug company for nearly five billion bucks. Adolf Merckle literally threw himself in front of a train because he lost his shirt speculating in shares of VW. So, his family put Ratiopharm on the auction block.
He owned a drug company. No doubt, he could have had access to all sorts of pharmaceuticals. But instead of taking an overdose, he committed the ugly, messy spectacle of jumping in front of a train.