business

"ALLEGAN, MI -- The top management of Perrigo Co. PLC is urging company shareholders to hang onto their stock and reject a hostile takeover bid by rival generic drug maker Mylan NV. The board of directors of Perrigo officially rejected Thursday an unsolicited offer by Mylan, saying the offer undervalues the company." (Kalamazoo Gazette)

"The UAW and Fiat Chrysler Automobiles reached a tentative agreement Tuesday night that the company's 39,000 unionized employees will ratify or reject. News of an agreement came about 19 hours after the union and company agreed to extend the current four-year contract beyond its expiration time of Monday at 11:59 p.m. Details of the terms were not disclosed." (Detroit Free Press)

"ALLEGAN, MI -- Generics giant Mylan NV officially launched its hostile takeover bid for Perrigo Co. PLC. today (Monday, Sept. 14), saying it is taking the issue directly to Perrigo shareholders." (Kalamazoo Gazette)

"Trying to fend off a hostile takeover attempt by Mylan, Ireland-based Perrigo Co. released a letter Thursday sent to Mylan executive chairman Robert Coury blasting his rationale for merging the two drug companies." (Pittsburgh Post-Gazette)

"LANSING — Gov. Rick Snyder left on a trade mission to Japan and Germany Wednesday as talks were expected to continue with legislative leaders on how to dedicate at least $1.2 billion more a year to fix and maintain the state's deteriorating roads and bridges." (Detroit Free Press)

Pages