Perrigo again rejects Mylan’s now revised formal offer
In the three way acquisition battle that unfolded this month, on Friday generics major Mylan (Nasdaq: MYL) launched its formal bid for Ireland-headquartered drugmaker Perrigo (NYSE: PRGO) with revised financials.
Mylan’s shares rose 3.47% to $76.25 in early market trading on Friday following the announcement. Shares of Perrigo, a manufacturer of generics, over-the-counter (OTC) medicines and nutritional products, were down 3.28% to $195.05.
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