Mylan MYL announced its plans to launch a formal offer to exchange all outstanding ordinary shares of Perrigo Company plc PRGO on Sep 14, 2015. Per the terms of the agreement, Perrigo shareholders will receive $75 in cash and 2.3 Mylan ordinary shares for each Perrigo ordinary share. Perrigo shareholders will own approximately 40% of the combined company. The announcement comes closely on the heels of Mylan's Extraordinary General Meeting held on Aug 28, at which Mylan shareholders voted in favor of the proposed acquisition of Perrigo. We remind investors that Mylan has been pursuing to take over Perrigo since Apr 2015. However, Perrigo’s board has rejected Mylan’s proposals citing undervaluation. Why is Mylan so Keen on the Perrigo Deal? The acquisition of Perrigo will add a robust suite of store brand over-the-counter (OTC) pharmaceutical products across several categories including analgesics, cough/cold/allergy/sinus, gastrointestinal and smoking cessation... More