Meda Board Issues Statement Confirming Contact by Mylan, Rejection of Proposal
This statement is made by the Board of Directors (the ”Board”) of Meda AB pursuant to the Securities Markets Act and/or the Financial Instruments Trading act.
The Board hereby confirms that it has been contacted by Mylan, Inc. (NYSE: MYL) regarding an indicative proposal to combine the two businesses. The Board has convened and has decided to reject the proposal. All continued discussions between Meda and Mylan have been terminated without further actions.
The Board of Directors
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.