Perrigo (PRGO) Tops Q3 EPS by 7c

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Perrigo (PRGO) Rejects $205/Share Mylan (MYL) Proposal

April 21, 2015 4:04 PM EDT

Perrigo (NYSE: PRGO) announced that its Board of Directors has unanimously rejected the unsolicited Proposal (the "Proposal") from Mylan NV ("Mylan") (NASDAQ: MYL), disclosed April 8, 2015, to acquire all of the outstanding shares of Perrigo for $205.00 per share. Following a thorough review, advised by its financial and legal advisors, the Board unanimously concluded that the Proposal substantially undervalues the Company and its future growth prospects and is not in the best interests of Perrigo's shareholders.

Key factors informing the Board's determination include:

The Proposal substantially undervalues Perrigo's... More