Perrigo, Elan receive Irish High Court approval for acquisition

theflyonthewall.com

Perrigo and Elan had entered into a transaction agreement pursuant to which Perrigo agreed to acquire Elan through the formation of a new Irish holding company that has since been renamed Perrigo Company. The acquisition of Elan will be effected by a "scheme of arrangement" under Irish law and, in connection with the acquisition; a subsidiary of New Perrigo will merge with and into Perrigo. Following the consummation of these transactions, both Perrigo and Elan will be wholly owned subsidiaries of New Perrigo.The parties have now obtained all regulatory approvals to complete the transaction.

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