HomeNewsWorldMylan says shareholders back Perrigo takeover

Mylan says shareholders back Perrigo takeover

Mylan said that more than two-thirds of shareholders had backed the vote. It needed more than half of them to do so in order to pursue the takeover.

August 28, 2015 / 19:55 IST
Story continues below Advertisement

Mylan NV shareholders on Friday backed the drugmaker's hostile bid for Perrigo Co, allowing it to launch a tender offer for the company's shares in the next few weeks.

Mylan said that more than two-thirds of shareholders had backed the vote. It needed more than half of them to do so in order to pursue the takeover.

Story continues below Advertisement
first published: Aug 28, 2015 07:55 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!