Deals
Mylan Lists in Tel Aviv in Latest Salvo in Perrigo Battle
Mylan's First Day of Trading in Tel Aviv
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Mylan NV, which is seeking to take over drugmaker Perrigo Co., rose in its first day of trading on the Tel Aviv Stock Exchange.
The listing, the biggest in Israel’s history, clears a hurdle for Mylan as it forges ahead with its unsolicited takeover attempt of Perrigo, also traded in Tel Aviv. Perrigo had sought to block the listing, but a regulator ruled in favor of Mylan. The companies are competing for support from Israeli institutional shareholders, which hold about 12 percent of Perrigo.