Perrigo (PRGO) Ratings Affirmed, Removed from CreditWatch Negative by S&P

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Go back to Perrigo (PRGO) Ratings Affirmed, Removed from CreditWatch Negative by S&P

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