Pharma BD Deal Intelligence
Outcome grade pending — assessed 5 years post-close.
Full analysis, sources & comparables →Ranks computed across 828 graded deals (Critic + Outcome Score both present).
CNBC reported the rejection as a definitive end to a saga that had reshaped specialty-pharma M&A expectations and left Mylan strategically isolated.
Reuters' timeline emphasized that proxy advisors had urged Mylan shareholders to vote against the bid, and that the prolonged battle distracted both companies…
C&EN framed the failed bid as Perrigo's vindication of its standalone strategy and a rare successful defense against a fully launched hostile tender in pharma.
Source summaries from our enrichment pipeline; follow links for originals.
All 5 sources with sentiment breakdown →
Mylan launched a $26B hostile tender offer for Perrigo (announced April 2015, tender period closed November 13, 2015). Only 40% of Perrigo shares tendered, below the 50% threshold required, causing the bid to fail. Counted as a publicly announced terminated mega-deal. Perrigo spent ~$100M on takeover defense.
| Deal | Year | Value | Outcome |
|---|---|---|---|
| Mylan N.V. / Perrigo Company plc (this deal) | 2015 | $26.0B | — |
| Mylan N.V. / Meda AB | 2016 | $9.9B | 53 |
| Mylan N.V. / Upjohn Inc. (Pfizer) | 2019 | $12.0B | 44 |
| Mylan N.V. / Renaissance Acquisition Holdings, LLC (topicals business) | 2016 | $1.0B | 40 |
| Mylan N.V. / Novartis AG (TOBI franchise) | 2018 | $463M | 38 |
| Watson Pharmaceuticals (Actavis Inc.) / Actavis plc | 2012 | $5.9B | 97 |
| Kohlberg Kravis Roberts & Co. / PRA International (Genstar Capital) | 2013 | $1.3B | 91 |
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