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Exclusive: Teva poised to raise its stake in Mylan - sources
2015-06-03 01:35:29| Biotech - Topix.net
The strategy is a sign of Teva's commitment to its $40 billion bid for Mylan, as the latter presses on with its own $34 billion hostile bid for over-the-counter drug company Perrigo Company Plc ( Teva last week disclosed a 1.8 percent stake in Mylan, which blasted the move as breaching U.S. antitrust laws because of the stake's size. U.S antitrust laws bar companies from acquiring stakes worth more than $76.3 million in rivals without first obtaining regulatory approval.
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Mylan continues to woo Perrigo as profits slip
2015-05-06 19:13:55| Biotech - Topix.net
In the midst of trying to woo one rival and fend off another, Mylan on Tuesday reported sharply lower profits for the first quarter while CEO Heather Bresch emphasized the generic drug company's "steadfast" commitment to winning the hand of Ireland-based drug maker Perrigo. "We have long believed the combination of Perrigo and Mylan represents an extraordinary opportunity," Ms.
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slip
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Mylan presses case for Perrigo during earnings call
2015-05-06 15:04:08| Biotech - Topix.net
Mylan N.V. pressed its case for the acquisition of Irish retail pharmacy product company Perrigo Co.
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Mylan created Dutch-style poison pill to protect itself
2015-05-02 11:52:23| Biotech - Topix.net
Mylan's recent reincorporation in the Netherlands was part of the generic drugmaker's strategy to reduce its global tax bill. But the shift, accomplished while keeping its operational headquarters in Cecil, came with another benefit: a European-style poison pill that could help Mylan thwart a hostile, $43 billion takeover bid from Israeli drugmaker Teva Pharmaceutical Industries.
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protect
pill
poison
Mylan rejects Teva's $40 billion offer
2015-04-27 17:20:55| Biotech - Topix.net
Mylan NV rejected Teva Pharmaceutical Industries Ltd's unsolicited $40 billion takeover offer on Monday, but left the door open for talks. "Our board will certainly not consider engaging in discussions to sell the company unless the starting point of the discussions is significantly in excess of $100 per share," Mylan said.
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