Executives at Israeli drugmaker Teva (TEVA.TA) sent an open letter to takeover target Mylan (MYL.O) on Monday, saying they remain committed to a deal and reiterated that Teva’s $40 billion takeover proposal would benefit shareholders of both firms. In the letter, addressed to Mylan executive founder Robert Coury, Teva CEO Erez Vigodman and Chairman Yitzhak Peterburg repeated that a combination would add value to both companies. The letter said Mylan had made “made grossly incorrect statements to mislead your stockholders and other stakeholders about us”.