Mylan Updates On Conditions To Perrigo Offer - Quick Facts

(RTTNews) - Mylan N.V. (MYL), in its update on conditions to Perrigo Offer, confirmed that the announcement does not constitute a reduction of the acceptance condition below 80%.

Mylan's offer for Perrigo Company plc (PRGO) includes condition that the offer be accepted in respect of not less than 80% of the Perrigo ordinary shares. As set out in its announcement of its firm intention to make the offer of April 24, 2015, Mylan has the discretion to lower this acceptance condition from 80% to greater than 50% of the Perrigo ordinary shares.

Mylan has received confirmations from the required majority of its existing bank group under the bridge credit facility financing the cash consideration component of the proposed offer that they currently are supportive of financing the transaction in the event that Mylan elects to lower the acceptance condition.