Mylan: Court Denies Perrigo's Motion On Mylan's Certain Disclosures

(RTTNews) - Mylan N.V. (MYL) announced a U.S. District Court has denied the motion by Perrigo Company plc (PRGO) for a preliminary injunction concerning Mylan's proposed acquisition of Perrigo, ruling that Mylan had provided adequate public disclosures regarding the synergies expected to be achieved from the combination.

Mylan has previously stated that it expects the combination of Mylan and Perrigo would result in at least $800 million of annual pre-tax operational synergies by the end of year four following the consummation of the offer.

Mylan said the court also ruled that the company' disclosures regarding its intention to de-list Perrigo from the NYSE and the TASE as soon as practicable following the consummation of the offer were appropriate.