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Perrigo-Elan Deal Should be Completed Today

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ALLEGAN, MI (WHTC) - With shareholders from both companies already endorsing the deal, and regulatory hurdles apparently cleared, this summer’s 8.6 billion-dollar purchase of Dublin-based Élan Corporation by Allegan-based Perrigo is expected to be finalized today. The agreement would establish New Perrigo as an Irish firm in order to take advantage of that nation’s lower corporate tax rate, but company officials maintain that physical operations and management would remain in their present locations, including the headquarters in Allegan and several plants around West Michigan, and that no job losses would ensue.

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