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Mylan Stretches Games Clock, Adds To Costs For Perrigo Takeover Play

This article was originally published in The Pink Sheet Daily

Executive Summary

Perrigo says Mylan shows “desperation” in targeting approval by 50% of its shareholders rather than the 80% approval it initially stated in its regulatory filing. A 50% threshold means Mylan would pay more in interest to lenders because it would be required to continue its takeover attempt longer than initially planned.

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