Perrigo Said to Be Nearing Deal

The transcript discusses the market's reaction to rumors of a British company nearing a $20 billion acquisition deal for Perrigo. Despite a 10% rise in shares, investors remain skeptical due to Perrigo's current market value of $15.5 billion. The company recently appointed a new CEO after Joe Papa left for Valeant, and issued a profit warning, with shares down 40% over the past year. Previously, Perrigo resisted a $27 billion bid from Mylan, but the current situation may lead to different outcomes.

What was the market's reaction to the report about Perrigo's potential acquisition?

• The shares remained stable

• The shares dropped by 10%

• The shares increased by 5%

• The shares increased by 10%

Who was leading Perrigo during the previous takeover bid by Mylan?

• British Company

• Valeant

• Rich Ready

• Joe Papa

What is the current market value of Perrigo as mentioned in the transcript?

• $20 billion

• $15.5 billion

• $27 billion

• $10 billion

What significant change occurred at Perrigo that might affect the outcome of the acquisition?

• The company was sold to Valeant

• The shares increased by 40%

• A new chief executive was appointed

• The company merged with Mylan

What was the percentage drop in Perrigo's share value over the last 12 months?

• 30%

• 10%

• 20%

• 40%