Mylan Stretches Game Clock, Adds To Costs For Perrigo Takeover Play
This article was originally published in The Tan Sheet
Executive Summary
Perrigo says Mylan shows “desperation” in targeting approval by 50% of its shareholders rather than the 80% approval it initially stated in its regulatory filing. A 50% threshold means Mylan would pay more in interest to lenders because it would be required to continue its takeover attempt longer than initially planned.
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