Perrigo, Mylan Reportedly Close to Merger

ALLEGAN, MI (WHTC) – A merger of two generic drug makers may be in the offing as Dutch-based Mylan NV has reportedly put forward a 28.9 billion-dollar offer to buy Perrigo, an Irish company operating out of Allegan. The deal includes a 205 dollar-per-share purchase, along with installing Perrigo CEO Joe Papa as co-chairman of the new company. Mylan officials say that talks have been ongoing for some time, while all Perrigo would say is that its board will meet at an undisclosed time to discuss the proposal.