UPDATE 3-Generic drugmaker Mylan offers $29 bln for Perrigo

April 8, 2015 8:59 PM

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April 8 (Reuters) - Generic drugmaker Mylan NV has offered to buy Perrigo Co Plc for about $29 billion in cash and stock, a deal that would make Mylan a major player in over-the-counter consumer products and extend its geographic reach.

Mylan's disclosure on Wednesday set off fresh speculation in an already hot market for healthcare deals. Some industry watchers questioned whether Mylan sought to fend off unwanted takeover advances from larger rival Israel-based Teva Pharmaceutical Industries. Others said the offer could spur compe...

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