Perrigo options attracted large bullish bet ahead of Mylan offer

April 8, 2015 7:50 PM

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NEW YORK, April 8 (Reuters) - Perrigo Co Plc's options attracted an unusually large bullish bet days ahead of an offer from generic drugmaker Mylan NV to buy the company, options data shows.

On Wednesday, Mylan said it made a proposal to acquire Perrigo for about $29 billion in cash and stock, sending the Dublin, Ireland company's shares up by more than 30 percent to an all-time high of $215.73. Mylan shares rose as much as 16 percent to a high of $69.45.

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