Mylan Announces Lapse Of Offer For Perrigo - Quick Facts

(RTTNews) - Mylan N.V. (MYL) announced that its offer to acquire all of the issued and to be issued share capital of Perrigo Company plc (PRGO) has lapsed. Mylan said, 58,040,150 Perrigo ordinary shares, representing approximately 40 percent of outstanding Perrigo ordinary shares, were validly tendered in the offer. The acceptance condition to the offer has not been satisfied and the offer has lapsed in accordance with its terms.

Mylan noted that, as the offer has lapsed, it is no longer capable of further acceptance and both Mylan and tendering Perrigo shareholders have ceased to be bound by prior acceptances.