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Mylan countersues Perrigo over 'misstatements' abo...

2015-09-23 01:27:02| Biotech - Topix.net

Mylan NV countersued Perrigo Company Plc on Tuesday over "serious misstatements" it made related to the generic and over-the-counter drugmaker's unsolicited $27 billion tender offer. In a filing in Manhattan federal court, Mylan sought a court order requiring Perrigo to correct "false and misleading statements" it made as part of an effort to prevent any merger.

Tags: misstatements mylan perrigo countersues

 

Perrigo trying to fend off hostile takeover through litigation

2015-09-20 05:40:18| Biotech - Topix.net

Perrigo, one of Allegan County's largest employers, is going beyond just telling their stock holders to reject the latest hostile takeover bid from Mylan. They have filed a lawsuit in federal court in New York against the Pittsburgh-based generic drug firm, claiming their offer misleads investors.

Tags: litigation hostile takeover fend

 
 

Mylan launches Perrigo bid; special Heinz mustard sale; IRS banning big checks

2015-09-15 06:14:28| Food - Topix.net

Local generic drugmaker Mylan formally launched its hostile takeover bid for Perrigo Co. on Monday by taking its offer directly to Perrigo shareholders.

Tags: special big sale bid

 

Mylan targets Perrigo shareholders in latest generics mega-merger attempt

2015-09-14 23:16:14| Biotech - Topix.net

Mylan has been looking to acquire generics and OTC drugmaker Perrigo since it launched a hostile bid in April . Last week Mylan said in a letter "shareholders will receive $75 per share in cash, and own approximately 40% of the new powerhouse company created by the combination," and today has formalised this offer, which values Perrigo at just over $27bn .

Tags: latest attempt targets shareholders

 

In letter, Perrigo blasts Mylan executive over rationale for proposed merger

2015-09-10 18:35:12| Biotech - Topix.net

Ireland-based Perrigo Co., under siege by a hostile takeover effort by Mylan, this morning released a letter sent to Mylan executive chairman Robert Coury blasting his rationale for merging the two drug companies. "We are confident in our ability to deliver value well in excess of your offer through our standalone plan and our acquisition strategy," Perrigo CEO Joseph Papa wrote.

Tags: letter executive proposed merger

 

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