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Perrigo Mum on Published Merger Rumors

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ALLEGAN, MI (WHTC) - Officials of Perrigo are not commenting on published reports out of Israel that claim an investment bank has been retained to consider merging the generic drug maker with an unnamed major pharmaceutical firm. Perrigo bought out Élan last year and moved its corporate home to Ireland from Allegan due to US tax issues, although no local operations had shifted. Stocks of Perrigo soared on Wall Street yesterday due to this report.

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