As Hostile Takeover Clock Ticks, Mylan Vows ‘Love’ For Perrigo Majority Stake
This article was originally published in The Tan Sheet
Executive Summary
Analysts leave a Mylan briefing still doubting the firm’s reasons for attempting to acquire Dublin-based Perrigo and ascertaining nothing new from Mylan executives’ comments. Chairman Robert Coury says with only a majority stake, Mylan gains by not giving up 2.3 shares for the non-tendered Perrigo shares.