Perrigo Shareholders Convincingly Reject Mylan's Tender Offer, Expressing Confidence in Perrigo's Long-Term Strategy

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Go back to Perrigo Shareholders Convincingly Reject Mylan's Tender Offer, Expressing Confidence in Perrigo's Long-Term Strategy

Stifel Upgrades Perrigo Co. (PRGO) to Buy

November 13, 2015 1:31 PM EST

Stifel upgraded Perrigo Co. (NYSE: PRGO) from Hold to Buy with a price target of $195.00.

For an analyst ratings summary and ratings history on Perrigo Co. click here. For more ratings news on Perrigo Co. click here.

Shares of Perrigo Co. closed at $156.55 yesterday.

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Perrigo (PRGO) Comments on Results of Tender Offer; Will Commence $2B Stock Buyback

November 13, 2015 9:24 AM EST

Perrigo (NYSE: PRGO) responded to the news that holders of a majority of its shares rejected Mylan's hostile tender offer, thereby expressing confidence in Perrigo's long-term strategy, vision, and management plans for the future. Shareholders holding over 60% of Perrigo's outstanding shares refused to tender into Mylan's inadequate offer by today's 8 A.M. ET deadline.

Joseph C. Papa, Perrigo Chairman and CEO, stated, "We have... More