Deals
Mylan to Propose Governance Changes If Perrigo Acquired
- Drugmaker to ask shareholders to vote on Dutch structure
- Mylan agrees to sell assets for seven generic drugs, FTC says
The Mylan headquarters in Canonsburg, Pennsylvania.
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Mylan NV will ask shareholders to vote on changes to its corporate governance, including the nomination and election of directors, if the drugmaker completes its hostile takeover bid for Perrigo Co.
The company, based in the Netherlands and run from Canonsburg, Pennsylvania, also will propose a vote on whether to retain a Dutch structure known as a stichting, an independent foundation that can help block takeover attempts, according to a statement Tuesday. It didn’t specify what changes it would make on board elections.