June 13, 2017 / 10:30 AM / 2 months ago

BRIEF-Mylan says Teva's expression of interest was simply not right for Mylan and its stakeholders

June 13 (Reuters) - Mylan Nv:

* Mylan's letter to shareholders dated june 12 says Teva’s expression of interest was simply not right for Mylan and its stakeholders

* Mylan - despite Mylan’s leadership team having much to gain financially from potential transaction, Teva approach was not right for co

* Mylan - long-term implications of potential transaction with Teva were inconsistent with Mylan’s commitment to shareholders and other stakeholders

* Mylan says its offer to acquire Perrigo came before Teva’s expression of interest in Mylan

* Mylan says it pursued Perrigo as a strategic decision, not a tactical one to prevent a Teva takeover

* Mylan says it "does not control the “stichting” which reviewed the Teva overture "

* Mylan says the mylan stichting does not empower Mylan's board to block any transaction

* Mylan - Robert Coury "has been integral to the success of Mylan and he will continue to provide strategic leadership for the next five years"

* Mylan - since august 2016 nearly 90% of consumers who received an epipen auto-injector or its authorized generic had an out-of-pocket cost of less than $100

* Mylan also says more than 80% consumers, who received epipen auto-injector or its authorized generic, are paying less than $50

* Mylan says uninsured patients earning up to 400 percent of the federal poverty level may receive an epipen auto-injector at no cost Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below