That should start next week again
Mylan will be right back at PRGO doors very quickly with another 20+ billion dollar deal which will likely succeed this time. Mylan need PRGO badly as there are a lot of synergies in combining the two companies and now Head of company went to VRX its ripe for buyout
with Abbott's 28 billion buyout of St Jude, medical/pharma deals are starting to heat up here. PRGO will get interest very soon by Mylan again and possible others now that it is dirt cheap!
business for 40+ billion. Naturally they are going to tell Faber they are not looking as they are just meeting about it. I'd guess this time around and with Papa gone and shareholders disgruntled to say the least they will go after it hostile and win!
RLYP will fly!
buyouts will start happening with all the big pharma companies flush with cash and in need of new drugs for growth. watch for breakout over 300 on IBB
The fact there has been no secondary offering or any clear sale of stock from the company's ATM tells me they have received buyout proposals from various big pharma that they are exploring.
Why to Buy the Stock:
BREAKING NEWS: Joseph Papa has left!
Perrigo remains fundamentally sound
Ripe for a takeover to unlock even more value
In recent news, Perrigo’s (PRGO) current CEO Joseph Papa has announced he has left for rival company Valeant Pharmaceuticals (VRX). This news dropped the pre-prgo snippetmarket trading by 12.85% and as much as 19% at one point during the day’s session. However, the company is remains great shape fundamentally. We believe the massive drop in value today (a whopping 20% dip!) was caused by investors completely overreacting to news. Therefore, we believe this is presenting investors a great opportunity with this entry point before the stock begins to rebound.
New president would be smart to cash in this royalty stream for as much as 4 billion and buy back 25% of the stock with proceeds here
Value of consumer brands are at a deep discount to cash flow they generate, company buyers will be lining up.
Paulson will increase ownership here and put pressure for a sale
Royalty stream of Tysabri could be sold off for billions and used to pay down debt or buy back stock. In two months Mylan will be licking its chops to make another run at Perrigo now that Papa is gone.