Generic drugmaker Mylan submitted a formal, “fully financed”, cash-and-stock takeover offer for smaller rival Perrigo on Friday, with the Ireland-based target swiftly rejecting the bid, saying it “significantly undervalued the company”.
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Perrigo rejects formal bid from Mylan
Generic drugmaker Mylan submitted a formal, “fully financed”, cash-and-stock takeover offer for smaller rival Perrigo on Friday, with the Ireland-based target swiftly rejecting the bid, saying it “significantly undervalued the company”.