Perrigo Targeted by Activist Starboard With New 4.6% Stake

Updated on
  • Activist critical of missteps since drugmaker rebuffed Mylan
  • Shares gain early Monday, are down 40% since Mylan bid failed

Perrigo Co. is being targeted by activist Starboard Value LP, which disclosed a new 4.6 percent stake in the drugmaker and criticized what it called “operational and financial missteps’’ since the company rebuffed Mylan NV’s 2015 takeover offer.

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