CORRECTED-UPDATE 1-Generic drugmaker Mylan offers $29 billion for Perrigo

April 8, 2015 4:43 PM

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April 8 (Reuters) - Generic drugmaker Mylan NV said on Wednesday it has offered to buy Perrigo Co Plc for about $29 billion in cash and stock in a move that would significantly beef up Mylan's offerings of over-the-counter consumer products.

Mylan said it proposed to acquire the Ireland-based company for $205 per share, representing more than a 25 percent premium over Perrigo's April 3 closing price, the last trading day prior to the Mylan proposal.

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