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Mylan Turns To Meda In Sweden For Open Door Into Consumer Market

 
• By Lisa LaMotta and Malcolm Spicer

The deal is subject to 90% of Meda shareholders tendering shares, and the two largest shareholders, accounting for about 30% of shares, already committed to the deal. Mylan will pay around $8.5bn in cash and debt and about $1.4bn in stock.

Mylan NV will expand its consumer health product business by picking up Swedish firm Meda AB for $9.9bn, taking a smaller step than its 2015 stumble in trying to acquire OTC private label leader Perrigo Co. PLC.

Mylan said the deal announced Feb. 10, along with its full-year earnings statement, is subject to 90% of Meda shareholders tendering their shares during an acceptance period expected to extend May 20 to July 29

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