Perry Capital owns shares in the king, and to facilitate the approval of the merger, purchase shares of Mylan, while coverage of its economic exposure to share price Mylan use of derivative instruments. The price at which Mylan proposes merger with King king is generous to shareholders, but the merger does not seem likely to be approved by the shareholders of Mylan, which is to vote on it. If Perry can swing the vote in favor of the agreement, you will win more than their share without a king, as the face losses on their assets for Mylan were covered. Carl Icahn, another shareholder of Mylan, opposed the agreement and Perry sued for alleged vote buying.
by
Lucy White,
Matt Kozlowski
Source: Harvard Business School
18 pages.
Date Posted: February 4, 2014. Prod #: 214078-PDF-ENG
Proposed merger of Mylan Laboratories pharmaceutical case with King Solution
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