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Perrigo Counts 32 Billion Reasons To Reject Mylan Offers

This article was originally published in The Tan Sheet

Executive Summary

In addition to announcing it to turned down Mylan’s offer of $205 per share or roughly $28.9 billion, Perrigo reports a 41% increase in adjusted net income to a company-record $248.5 million in its latest quarter. The firm plans to launch a generic of Sanofi’s Nasacort 24 HR in time for the 2015 allergy season.

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