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Mylan shareholders: Let's go hostile after Perrigo

Staff writer |
Mylan announced that its shareholders have approved Mylan's proposed acquisition of Perrigo Company and the related issuance of Mylan ordinary shares to Perrigo's shareholders at an extraordinary general meeting of shareholders.

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The transaction received the approval of two-thirds of the votes cast at the extraordinary general meeting. In addition, the transaction received support from more than a majority of all outstanding ordinary shares.

Mylan's executive chairman Robert J. Coury commented, "We sincerely appreciate our shareholders' overwhelming support of this transaction, as well as their support of Mylan's ongoing strategy.

"We believe the vote underscores shareholders' clear understanding of, and support for, the strategic rationale and potential for value creation inherent in the combination of Mylan and Perrigo.

"We look forward to launching our formal offer directly to Perrigo shareholders in the coming weeks, and we are very confident that they too will support this unique and compelling transaction."

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