Mylan Shareholders Says Go, Perrigo Still Says No on Takeover Bid

ALLEGAN, MI (WHTC) – Perrigo officials remain confident that Mylan’s continued hostile takeover attempt of the Irish-based generic drug maker will be unsuccessful. Mylan shareholders approved a proposed 35.6 billion-dollar effort, and the Dutch firm will now look for more than 50 percent of Perrigo shareholders to concur in order to absorb the company that continues its operational hub in Allegan. Perrigo has consistently resisted Mylan’s takeover efforts, saying that this and previous offers have been too low to consider