Mylan €24 billion bid for Irish-based Perrigo fails

Perrigo shareholders rejected the hostile offer from the Netherlands-based American company

13th November, 2015
Mylan executive chairman Robert J Coury with Taoiseach Enda Kenny Pic: Rollingnews.ie

Giant American pharmaceutical company Mylan’s $26 billion (€24 billion) hostile takeover bid for Irish domiciled company Perrigo - which had been formed from the merger with Irish company Elan in 2013 -- has failed.

Mylan’s bid failed when only 40 per cent of Perrigo shares had been tendered, short of the required 50 per cent necessary to to move the takeover forward.

In a statement, Mylan executive chairman Robert J. Coury said that the Perrigo...

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