"ALLEGAN, MI – Perrigo Co. is recalling certain batches of an over-the-counter children's cough suppressant, saying some are packaged with an oral dosing cup that has incorrect dose markings." (Kalamazoo Gazette)

WSW: Why West Michigan Businesses Want to Move Overseas

Nov 20, 2015
Perrigo/Wikimedia Commons

Lately, more and more West Michigan companies are looking at leaving West Michigan. Not physically – their buildings and factories are still here. But through a legal loophole called a “tax inversion,” businesses can merge with or purchase an overseas company and move their headquarters to a place like Ireland or the Netherlands, where business taxes are far lower than the United States. In just the past few years, Perrigo, Stryker and Pfizer have all talked about (or actually pursued) a tax inversion. Western Michigan University international finance professor Christopher Korth says these moves aren't good for the country, but unless we change our tax code, tax inversions won't stop.

Perrigo/Wikimedia Commons

Perrigo remains a major producer of over the counter pharmaceuticals, and much of its operations will still be in Allegan after its shareholders rejected a hostile takeover bid from Mylan. 

"ALLEGAN — Shareholders’ rejection of Mylan N.V.’s hostile takeover bid allows executives at Perrigo Co. plc to return their full focus to growing the business." (MiBiz)

"ALLEGAN, MI –Perrigo's management team is not unwilling to sell the company, the longtime maker of generic pharmaceuticals. It's just unwilling to accept a deal that's bad, says leadership team member Art Shannon." (Kalamazoo Gazette)