Biotech Values

[jbog]

Mylan NV is poised to lose its hostile bid for Perrigo Co., people familiar with the matter said, a rare outcome in one of the bitterest takeover battles in decades.

A minority of Perrigo shareholders tendered their stock into Mylan’s $26 billion takeover proposal by late Thursday night, the people said. Mylan needs at least 50% to take control of its smaller rival, which it has pursued for the past seven months.

http://www.wsj.com/articles/mylan-set-to-lose-in-26-billion-hostile-takeover-battle-for-perrigo-1447385207