Mylan Commences Offer to Acquire Perrigo
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Perrigo (PRGO) Comments on Mylan (MYL) Exchange Offer; Recommends Shareholders Take No Action
September 14, 2015 9:43 AM EDTPerrigo (NYSE: PRGO) confirmed that Mylan N.V. ("Mylan") (NASDAQ: MYL) has commenced an unsolicited exchange offer to acquire all of the issued and to be issued ordinary shares of Perrigo. Shareholders are strongly advised to take no action in relation to the offer at this time pending the Board's review.
The Board of Perrigo will assess Mylan's offer and advise Perrigo shareholders of its recommendation regarding the exchange offer within 10 business days by making available to shareholders and filing... More
Mylan (MYL) Commences Perrigo (PRGO) Tender
September 14, 2015 8:37 AM EDTMylan (NASDAQ: MYL) announced that it has officially commenced its formal offer to acquire all outstanding ordinary shares of Perrigo Company plc (NYSE: PRGO). Under the terms of the offer, Perrigo shareholders will receive $75 in cash and 2.3 Mylan ordinary shares for each Perrigo ordinary share. Perrigo shareholders will own approximately 40% of the combined company upon completion of the transaction.
Mylan's Executive Chairman Robert J. Coury commented, "With the overwhelming support of Mylan shareholders, today we officially are taking our offer directly to the Perrigo shareholders. We are... More
