Perrigo Chief Issues Letter as Mylan Turns Up Takeover Heat

ALLEGAN, MI (WHTC) – Chairman, President and CEO of Perrigo Joe Papa sent a scathing letter to Mylan Executive Chairman Robert Coury, clarifying what company officials called “numerous misleading statements” made by the Dutch firm in their ongoing attempts at a hostile takeover of the Irish-based, Allegan-operated generic drug maker. Perrigo has thus far rebuffed Mylan’s efforts, saying that their offer is “value-destructive.” Mylan is expected to launch a 28 billion-dollar tender offer for Perrigo next week.