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Law Offices of Howard G. Smith announces an investigation on behalf of investors of Perrigo Company plc ("Perrigo" or the "Company") (NYSE: PRGO) concerning the Company and its officers' possible violations of federal securities laws.
On April 8, 2015, Mylan N.V. ("Mylan") offered to purchase Perrigo for $205 per share, representing a nearly 30% premium to Perrigo's total market capitalization. On news of Mylan's offer, the price of Perrigo stock soared to $215 per share during intraday trading on April 8, 2015.
However, on April 21, 2015, Perrigo publicly rejected Mylan's offer. Asserting that Mylan's offer substantially undervalued Perrigo and its growth prospects, and that the offer did not take into account the full benefits of the Company's acquisition of Omega Pharma N.V. ("Omega"), Perrigo proceeded to engage in a public campaign to convince shareholders to reject Mylan's proposal.
Then on November 13, 2015, the majority of the Company's shareholders refused to tender their shares. Subsequently, several disclosures by the Company between February 17 and May 12, 2016—including weaker-than-expected fourth-quarter 2015 financial and operating results, the departure of Perrigo's Chief Executive Officer Joseph C. Papa, and a $467 million impairment charge relating to the Omega acquisition—resulted in the Company's stock price falling from $145.17 to just $98.04.
If you purchased Perrigo securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160623006166/en/
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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