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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.

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