I could only wish I held onto my original PRGO stake when I was Individual Investors. Somewhere in the 5 dollar range if I remember right. Early on at SI. PRGO was one of my SITT board favorites
Message 19275956
Message 25558673
Message 19441773
Mylan Proposes To Acquire Perrigo For $205 Per Share
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POTTERS BAR, England, April 8, 2015 /PRNewswire/ -- Mylan N.V. ( NASDAQ: MYL) today announced that Mylan has made a proposal to acquire Perrigo Company plc ( NYSE: PRGO) in a cash-and-stock transaction that would create a diversified, global pharmaceutical leader with an unmatched commercial and operating platform and a unique, one-of-a-kind profile. The combination of these highly complementary businesses would produce a company with critical mass in specialty brands, generics, over-the-counter (OTC) and nutritional products; a powerful commercial platform with reach across all customer channels; an exceptional high-quality operating platform; and opportunities to generate enhanced growth and deliver significant immediate and long-term value and benefits for shareholders and the other stakeholders of both companies.
Under the terms of the non-binding proposal, which was delivered to Perrigo's Chairman on April 6, 2015, Perrigo shareholders would receive $205 in a combination of cash and Mylan stock for each Perrigo share, which represents a greater than 25% premium to the Perrigo trading price as of the close of business on Friday, April 3, 2015 (the last trading date prior to the date of Mylan's proposal), a greater than 29% premium to Perrigo's sixty-day average share price and a greater than 28% premium to Perrigo's ninety-day average share price.
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