Mylan $29 billion acquisition of Perrigo to create generic and OTC aircraft carriers

Source: Biovalley April 9, 2015 mylan, a US generics giant, recently announced that it has made a US $29 billion acquisition offer to Perrigo It is reported that Briggs & Noble is the world's leading supplier of health products and the largest manufacturer of OTC and nutritional products If the acquisition is successfully completed, it will create the world's largest generic drug and over-the-counter (OTC) manufacturer, and become a leader in specialty drugs and nutrition Mylan's cash stock offer is about $205 a share, a 24% premium to Perrigo's closing price on Tuesday Mylan said it had made an offer to Briggs & Noble on Monday Briggs & Noble has also confirmed that it has received a takeover offer and is currently in discussions with the board After the announcement, Briggs & Noble's shares soared 18% to $195, while mylan's shares surged 8.79% Meilan said that after the merger, the company's annual revenue in 2014 can reach US $15.3 billion, and through further acquisition, the merged company will be further developed Mylan also said it hoped that senior executives from mylan would take charge of the new company, including Chairman Robert Coury and CEO Heather bresch Mylan's best-selling product is Epipen auto injector, a drug produced by Pfizer to treat acute allergic reactions According to data released by mylan, the company's revenue from Epipen in 2014 was US $1.19 billion, which is the company's first product to achieve annual revenue of US $1 billion However, mylan's main business is generics, which is the largest generics company in the United States In addition, mylan also produces active pharmaceutical ingredients and other products In July last year, mylan paid $5.3 billion for Abbott's generic business, and in February this year moved its headquarters to the Netherlands to successfully avoid taxes Previously, mylan was headquartered in Pennsylvania After acquiring elan, an Irish pharmaceutical company, for us $8.6 billion in December 2013, Briggs & Gamble moved its headquarters from Michigan to Ireland, aiming to significantly reduce corporate taxes