UPDATE: Perrigo (PRGO) Said Exploring Divesting Tysabri Royalties - Reuters

September 16, 2016 3:36 PM EDT

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(Updated - September 16, 2016 3:42 PM EDT)

Perrigo (NYSE: PRGO) is considering divesting Tysabri royalties, according to Reuters sources. The divestment is one of the actions activist Starboard called for Monday when it disclosed a stake, the report noted, but Perrigo had been exploring selling the royalties prior to Starboard coming out with its proposals.

Royalty Pharma is said to be one of the potential acquires.

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