Woh !!!!!!!! Continuos improvement.
Waiting next shareholders meeting on 14 Sept., Sun must take note that the current offer relating take over ($ 7,75/share)is under the real Taro value.
For the six months ended June 30, 2009, Taro estimates net sales of $181.7 million compared to $166.2 million in the same period of the previous year, a 9% increase. Gross profit for the first half of 2009 was $104.4 million, or 57% of net sales, compared to a gross profit of $91.5 million, or 55% of net sales for the same period in 2008, an increase of 14%. Operating income for the six months ended June 30, 2009 was $34.7 million, compared to $29.2 million for the same period in 2008, an increase of 19%. Net income was $23.6 million, or $0.58 per diluted share, compared to $20.6 million, or $0.51 per diluted share for first half 2008, an increase of 15%.

Consequently the fair value for Sun take over is net sales 2009 x 2 or 3 times - net debt 2009 = M$ 364 x 2 times - M$ 91 = M$ 637 instead M$ 250 offered by Sun. Therefore is my opinion that the fair value now is at least $ 19-20 per share.

Good luck at all that believe in Taro/Templeton.

Leo