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Mylan: Perrigo continues to make misleading comments

Staff writer |
Mylan commented on the misleading statements made by Perrigo Company in relation to Mylan's offer to acquire Perrigo.

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Mylan also noted that the Irish Takeover Panel has issued a formal statement indicating that certain of Perrigo's recent statements may mislead shareholders and the market or may create uncertainty, in breach of the Irish Takeover Rules.

Mylan's executive chairman Robert J. Coury commented, "Perrigo continues to make misleading comments with regard to Mylan's offer to acquire Perrigo—comments which have unfortunately been inaccurately repeated by other third parties. The Irish Takeover Panel today has issued a formal statement noting in detail the inaccuracies in Perrigo's public commentary.

"We are hopeful that today's statements will provide Mylan and Perrigo shareholders with even greater confidence in Mylan's previous statements with regard to the compelling nature of this transaction, our commitment to completing it, and our ability to realize the significant benefits from the combination, including the projected synergies, in order to create value for Mylan and Perrigo shareholders.

"At Mylan, we believe the greatest evidence of commitment to shareholders is creating significant and sustainable value for the company, its shareholders and other stakeholders. Mylan's track record of delivering exceptional performance and for creating value through a decade of outstanding shareholders returns speaks for itself.

"We are confident that acquiring Perrigo is the next step in continuing to deliver on this stellar track record of performance and value creation, to the benefit of both Perrigo and Mylan shareholders and other stakeholders."

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