Perrigo (PRGO) Stock Declines Today After Rejecting Second Mylan Bid This Week

April 24, 2015 7:43 PM

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Perrigo (PRGO) Stock Declines Today After Rejecting Second Mylan Bid This Week

NEW YORK (TheStreet) -- Perrigo(PRGO - Get Report) shares are falling, down 3.8% to $193.78 after the company officially rejected Mylan's (MYL) second bid for the company this week saying that the $33 billion bid "substantially undervalues Perrigo and its growth prospects."

Mylan has been vocal about its intentions to acquire the generic and over the counter drug manufacturer for weeks, announcing earlier this month that it would place a bid for Perrigo. On Tuesday the Mylan made an offer that totaled $29 billion dollars, which the company also rejected, before announc...

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