14.08.2015 20:28:00
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Mylan Inc. -- Moody's: Mylan's Lowered Acceptance Condition on Perrigo Offer Is Credit Negative
New York, August 14, 2015 -- New York, August 14, 2015 -- Moody's Investors Service commented that Mylan NV's (parent of Mylan Inc., Baa3 negative) formal lowering of the acceptance it requires from Perrigo Co. plc's shareholders (Baa3 stable) to push through its acquisition offer is credit negative for Mylan. While there is no change to Mylan's rating at this time, this development puts additional downward pressure on Mylan's investment grade rating. Please go to www.moodys.com for our full issuer comment.