Mylan Proposes To Acquire Perrigo For $205 Per Share
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April 10, 2015 8:28 AM EDT
Argus raised its price target on Mylan (NASDAQ: MYL) to $80.00 (from $66.00) following the proposal to acquire Perrigo.
The firm said their DCF model renders a $85 fair value target, which they discounted to $80 to reflect integration risk as the company continues to... More
April 10, 2015 8:24 AM EDT
Argus downgraded Perrigo Co. (NYSE: PRGO) from Buy to Hold amid the share price surge following a takeover proposal from Mylan.
For an analyst ratings summary and ratings history on Perrigo Co. click here. For more ratings news on Perrigo Co. click here.
Shares of Perrigo Co. closed at $198.70 yesterday.
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April 9, 2015 1:42 PM EDT
Standard & Poor's Ratings Services today placed all of its ratings on Dublin-based Perrigo Co. plc, (NYSE: PRGO) including its 'BBB' corporate credit rating, on CreditWatch with negative implications. We estimate debt outstanding at Perrigo at about $5.8 billion.
We also separately placed all of our ratings on Mylan Inc., including our 'BBB-' corporate credit rating, on CreditWatch with negative implications.... More
April 8, 2015 2:49 PM EDT
Analyst Chris Schott of JP Morgan commented on today's news Mylan (NASDAQ: MYL) made a $205 per share offer for Perrigo (NYSE: PRGO). In his view, the deal makes strategic and financial sense for Mylan. He also commented on how Teva Pharma (NYSE: TEVA) -- rumored to be interested in Mylan -- might respond. Overall, he thinks... More
April 8, 2015 1:04 PM EDT
Perrigo Company plc (NYSE: PRGO) notes the announcement made by Mylan NV (NASDAQ: MYL). Perrigo confirms that it has received an unsolicited, indicative proposal from Mylan regarding a possible offer for the Company.
The Board... More
April 8, 2015 1:03 PM EDT
Analyst Gregg Gilbert of Deutsche Bank commented on news Mylan (NASDAQ: MYL) made a $205 offer to acquire Perrigo (NYSE: PRGO). In his view, the deal makes a "ton of sense."
"While we have not yet completed our pro forma analysis... More
