Mylan NV has lodged an official bid for Perrigo Company (NYSE:PRGO; TASE:PRGO) worth $27 billion. This is an official and legally binding bid to shareholders in contrast to its previous bids to the company's management, which were not legally binding, and which were rejected. RELATED ARTICLES Mylan shareholders approve Perrigo takeover bid Teva to oppose Mylan's bid to take over Perrigo Mylan might make do with only 50% of Perrigo Israeli shareholder Arkin rejects Mylan Perrigo bid Perrigo shareholder Meitav DS opposes Mylan bid The offer reflects just a 4% premium on Perrigo's market price - all Perrigo shareholders will receive $75 per share in cash plus two Mylan shares for every three Perrigo shares. Mylan chairman Robert Coury said that he was certain that Perrigo's shareholders will accept the offer. If the Mylan offer is accepted, as most analysts expect with only a simple majority of 50.1% needed for Mylan to take control, then Perrigo shareholders would own 40% of Mylan. Published by Globes [online], Israel business news - www.globes-online.com - on September 15, 2015 © Copyright of Globes Publisher Itonut (1983) Ltd. 2015
