Mylan offers $29B for drugmaker Perrigo

April 8, 2015 5:39 PM

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Pharmaceutical company Mylan NV (MYL) is offering to buy fellow drug maker Perrigo (PRGO) in a cash and stock acquisition that would create a nearly $29 billion generic medications giant.

Netherlands-based Mylan said Wednesday it had offered $205 per share in a non-binding proposal that was delivered to Ireland-headquartered Perrigo on April 6.

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