Stifel Upgrades Perrigo Co. (PRGO) to Buy
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Perrigo Shareholders Convincingly Reject Mylan's Tender Offer, Expressing Confidence in Perrigo's Long-Term Strategy
November 13, 2015 9:22 AM ESTDUBLIN, Nov. 13, 2015 /PRNewswire/ -- Perrigo Company plc ("Perrigo," "the Company") (NYSE: PRGO; TASE) today responded to the news that holders of a majority of its shares rejected Mylan's hostile tender offer, thereby expressing confidence in Perrigo's long-term strategy, vision, and management plans for the future. Shareholders holding over 60% of Perrigo's outstanding shares refused to tender into Mylan's inadequate offer by today's 8 A.M. ET deadline.
Joseph C. Papa, Perrigo Chairman and CEO, stated, "We have said all along that this offer from Mylan was a... More
Mylan Announces Results of Offer to Acquire Perrigo and Lapse of Offer
November 13, 2015 8:39 AM ESTHERTFORDSHIRE, England and PITTSBURGH, Nov. 13, 2015 /PRNewswire/ --Â Mylan N.V. (NASDAQ: MYL; TASE) today announced that its offer to acquire all of the issued and to be issued share capital of Perrigo Company plc (NYSE: PRGO; TASE) has lapsed.
As of 8:00 AM Eastern Time on November 13, 2015, 58,040,150 Perrigo ordinary shares, representing approximately 40 percent of outstanding Perrigo ordinary shares, were validly tendered in the offer. Accordingly, the acceptance condition to the offer, as outlined in the September 14, 2015 Offer to Exchange / Prospectus, has not been satisfied and the offer has lapsed in accordance with its terms.... More
