Court Keeps Hands Off Perrigo Tender; Under FTC Agreement, Mylan To Hand Off Ingredients

If it brings Perrigo under its roof through a pending tender, Mylan agrees to divest its production of its drug ingredients that overlap with Perrigo’s. Additionally, litigation aimed at stalling the tender ends with neither firm convincing a judge that the other misled investors.

Mylan NV has an industry veteran to head its OTC business, but neither it nor Perrigo Co. PLC has the result each sought from dueling lawsuits alleging the other misled investors about Mylan’s hostile takeover bid for the OTC private label leader.

Additionally, if Mylan brings Dublin-based Perrigo under its roof through a tender that ends Nov

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