0001585364-15-000158.txt : 20151103 0001585364-15-000158.hdr.sgml : 20151103 20151103060129 ACCESSION NUMBER: 0001585364-15-000158 CONFORMED SUBMISSION TYPE: SC 14D9/A PUBLIC DOCUMENT COUNT: 5 FILED AS OF DATE: 20151103 DATE AS OF CHANGE: 20151103 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PERRIGO Co plc CENTRAL INDEX KEY: 0001585364 STANDARD INDUSTRIAL CLASSIFICATION: PHARMACEUTICAL PREPARATIONS [2834] IRS NUMBER: 000000000 STATE OF INCORPORATION: L2 FISCAL YEAR END: 0627 FILING VALUES: FORM TYPE: SC 14D9/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-87911 FILM NUMBER: 151192058 BUSINESS ADDRESS: STREET 1: TREASURY BUILDING STREET 2: LOWER GRAND CANAL STREET CITY: DUBLIN STATE: L2 ZIP: 2 BUSINESS PHONE: 269-673-8451 MAIL ADDRESS: STREET 1: 515 EASTERN AVENUE CITY: ALLEGAN STATE: MI ZIP: 49010 FORMER COMPANY: FORMER CONFORMED NAME: PERRIGO Co Ltd DATE OF NAME CHANGE: 20130828 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: PERRIGO Co plc CENTRAL INDEX KEY: 0001585364 STANDARD INDUSTRIAL CLASSIFICATION: PHARMACEUTICAL PREPARATIONS [2834] IRS NUMBER: 000000000 STATE OF INCORPORATION: L2 FISCAL YEAR END: 0627 FILING VALUES: FORM TYPE: SC 14D9/A BUSINESS ADDRESS: STREET 1: TREASURY BUILDING STREET 2: LOWER GRAND CANAL STREET CITY: DUBLIN STATE: L2 ZIP: 2 BUSINESS PHONE: 269-673-8451 MAIL ADDRESS: STREET 1: 515 EASTERN AVENUE CITY: ALLEGAN STATE: MI ZIP: 49010 FORMER COMPANY: FORMER CONFORMED NAME: PERRIGO Co Ltd DATE OF NAME CHANGE: 20130828 SC 14D9/A 1 fy161102201514d-9a.htm SC 14D9/A SC 14D9


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
________________
SCHEDULE 14D-9/A
SOLICITATION/RECOMMENDATION
STATEMENT UNDER SECTION 14(d)(4) OF THE
SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 6)
_________________
PERRIGO COMPANY PLC
(Name of Subject Company)
_________________
PERRIGO COMPANY PLC
(Name of Persons Filing Statement)
_________________
Ordinary shares, par value €0.001 per share
(Title of Class of Securities)
_________________
G97822103
(CUSIP Number of Class of Securities)
_________________
Todd W. Kingma
Executive Vice President, General Counsel and Secretary
Perrigo Company plc
515 Eastern Avenue
Allegan, Michigan 49010
Telephone: (269) 686-1941
(Name, address, and telephone number of persons authorized to receive notices and
communications on behalf of the person filing statement)

Copies to:
Andrew R. Brownstein, Esq.
Igor Kirman, Esq.
Victor Goldfeld, Esq.
Wachtell, Lipton, Rosen & Katz
51 West 52nd Street
New York, New York 10019
Telephone: (212) 403-1000

 
Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer.





This Amendment No. 6 to Schedule 14D-9 amends and supplements the Solicitation / Recommendation Statement on Schedule 14D-9 (as amended from time to time, the “Schedule 14D-9”) originally filed by Perrigo Company plc, an Irish public limited company (“Perrigo” or the “Company”), with the Securities and Exchange Commission (“SEC”) on September 17, 2015, relating to the unsolicited exchange offer by Mylan N.V., a Dutch public limited liability corporation (“Mylan”), to exchange each of the issued and outstanding ordinary shares, par value €0.001 per share, of Perrigo (the “Perrigo Ordinary Shares”) for 2.3 shares of the ordinary shares, par value €0.01 per share, of Mylan (the “Mylan Ordinary Shares”), and $75.00 of cash as disclosed in the Tender Offer Statement on Schedule TO filed by Mylan with the SEC on September 14, 2015.
 
Except as specifically noted herein, the information set forth in the Schedule 14D-9 remains unchanged. Capitalized terms used but not defined in this Amendment No. 6 have the meanings ascribed to them in the Schedule 14D-9.

Item 9    Exhibits

Item 9 of the Schedule 14D-9 is hereby amended and supplemented by adding the following exhibit:

(a)(20)
-
Letter to shareholders, dated November 3, 2015.
 
 
 
(a)(21)
-
Letter to Israeli shareholders, dated November 3, 2015.





SIGNATURES

After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this Schedule 14D-9 is true, complete, and correct.
 
PERRIGO COMPANY PLC
Date: November 3, 2015
By:
/s/ Todd W. Kingma
 
 
Name:Todd W. Kingma
 
 
Title: Executive Vice President, General Counsel and Secretary





EXHIBIT INDEX

(a)(1)
-
Press release issued by Perrigo, dated September 17, 2015.*
 
 
 
(a)(2)
-
Investor presentation, dated September 17, 2015.*
 
 
 
(a)(3)
-
Investor materials, dated September 17, 2015.*
 
 
 
(a)(4)
-
Perrigo employees FAQ, dated September 17, 2015.*
 
 
 
(a)(5)
-
Form of letter to customers, suppliers and business partners, dated September 17, 2015.*
 
 
 
(a)(6)
-
Opinion of Morgan Stanley & Co. LLC, dated September 16, 2015 (included as Annex B to this Schedule 14D-9)
 
 
 
(a)(7)
-
Letter to Perrigo employees, dated September 17, 2015.*
 
 
 
(a)(8)
-
Perrigo web page microsite.*
 
 
 
(a)(9)
-
Transcript of Perrigo conference call on September 17, 2015.*
 
 
 
(a)(10)
-
Statement issued by Perrigo, dated October 9, 2015.*
 
 
 
(a)(11)
-
Press release issued by Perrigo, dated October 22, 2015 (incorporated by reference from Exhibit 99.1 to Perrigo’s Current Report on Form 8-K filed on October 22, 2015).
 
 
 
(a)(12)
-
Press release issued by Perrigo, dated October 22, 2015 (incorporated by reference from Exhibit 99.2 to Perrigo’s Current Report on Form 8-K filed on October 22, 2015).
 
 
 
(a)(13)
-
Investor presentation, October, 2015 (incorporated by reference from Exhibit 99.3 to Perrigo’s Current Report on Form 8-K filed on October 22, 2015).
 
 
 
(a)(14)
-
Letter to Perrigo employees, dated October 22, 2015.*
 
 
 
(a)(15)
-
Perrigo employees FAQ, dated October 22, 2015.*
 
 
 
(a)(16)
-
Talking points for use by managers, distributed October 22, 2015.*
 
 
 
(a)(17)
-
Slides for Perrigo employee town hall on October 22, 2015.*
 
 
 
(a)(18)
-
Transcript of Perrigo conference call on October 22, 2015.*
 
 
 
(a)(19)
-
Press release issued by Perrigo, dated October 30, 2015.*
 
 
 
(a)(20)
-
Letter to shareholders, dated November 3, 2015.**
 
 
 
(a)(21)
-
Letter to Israeli shareholders, dated November 3, 2015.**
 
 
 
(e)(1)
-
Excerpts from the Company’s Preliminary Proxy Statement on Schedule 14A, dated and filed with the SEC on September 11, 2015.*
 
 
 
(e)(2)
-
Annual Incentive Plan, adopted November 4, 2008, incorporated by reference from Perrigo Company’s Proxy Statement for its 2008 Annual Meeting of Shareholders filed on October 1, 2008 (File No. 000-19725).
 
 
 
(e)(3)
-
2003 Long-Term Incentive Plan, effective October 29, 2003, as amended, incorporated by reference from the Appendix to Perrigo Company’s Proxy Statement for its 2003 Annual Meeting of Shareholders filed on September 26, 2003 (File No. 000-19725).
 
 
 
(e)(4)
-
Amendment to the 2003 Long-Term Incentive Plan, effective as of October 28, 2005, incorporated by reference from Exhibit 10(a) to Perrigo Company’s Current Report on Form 8-K filed on November 3, 2005 (File No. 000-19725).
 
 
 
(e)(5)
-
2003 Long-Term Incentive Plan, as amended as of February 7, 2007, incorporated by reference from Exhibit 10(a) to Perrigo Company’s Quarterly Report on Form 10-Q filed on May 8, 2007 (File No. 000-19725).
 
 
 
(e)(6)
-
2008 Long-Term Incentive Plan, adopted November 4, 2008, incorporated by reference from Exhibit 10(b) to Perrigo Company’s Quarterly Report on Form 10-Q filed on February 3, 2009 (File No. 000-19725).
 
 
 





(e)(7)
-
2013 Long-Term Incentive Plan, incorporated by reference from Annex J of the Company’s Registration Statement on Form S-4, as amended, filed on October 8, 2013 (File No. 333-190859).
 
 
 
(e)(8)
-
Amendment No. 1 to the 2013 Long-Term Incentive Plan, dated as of January 29, 2014, incorporated by reference from Exhibit 10.12 to the Company’s Quarterly Report on Form 10-Q filed on February 6, 2014 (File No. 333-190859).
 
 
 
(e)(9)
-
Nonqualified Deferred Compensation Plan, as amended as of October 10, 2007 and effective January 1, 2007, incorporated by reference from Exhibit 10.1 to Perrigo Company’s Current Report on Form 8-K filed on October 11, 2007 (File No. 000-19725).
 
 
 
(e)(10)
-
Amendment One, dated December 3, 2009, to the Nonqualified Deferred Compensation Plan, incorporated by reference from Exhibit 10.14 to the Company’s Annual Report on Form 10-K filed on August 14, 2015 (File No. 001-36353).
 
 
 
(e)(11)
-
Amendment Two, dated as of October 10, 2012, to the Nonqualified Deferred Compensation Plan, incorporated by reference from Exhibit 10.1 to Perrigo Company’s Quarterly Report on Form 10-Q filed on February 1, 2013 (File No. 000-19725).
 
 
 
(e)(12)
-
Amendment Three to the Nonqualified Deferred Compensation Plan, dated as of November 13, 2013, incorporated by reference from Exhibit 10.9 to the Company’s Quarterly Report on Form 10-Q filed on February 6, 2014 (File No. 333-190859).
 
 
 
(e)(13)
-
Amendment Four to the Nonqualified Deferred Compensation Plan, dated as of January 31, 2014, incorporated by reference from Exhibit 10.13 to the Company’s Quarterly Report on Form 10-Q filed on February 6, 2014 (File No. 333-190859).
 
 
 
(e)(14)
-
Forms of Non-Qualified Stock Option Agreement pursuant to Perrigo Company’s 2008 Long-Term Incentive Plan, incorporated by reference from Exhibit 10.49 to Perrigo Company’s Annual Report on Form 10-K filed on August 18, 2009 (File No. 000-19725).
 
 
 
(e)(15)
-
Form of Non-Qualified Stock Option Agreement, incorporated by reference from Exhibit 10(a) to Perrigo Company’s Quarterly Report on Form 10-Q filed on February 2, 2005 (File No. 000-19725).
 
 
 
(e)(16)
-
Forms of Non-Qualified Stock Option Agreement pursuant to Perrigo Company’s 2008 Long-Term Incentive Plan, incorporated by reference from Exhibit 10(c) to Perrigo Company’s Quarterly Report on Form 10-Q filed on February 3, 2009 (File No. 000-19725).
 
 
 
(e)(17)
-
Form of Long-Term Incentive Award Agreement, incorporated by reference from Exhibit 10.1 to Perrigo Company’s Current Report on Form 8-K filed on August 22, 2006 (File No. 000-19725).
 
 
 
(e)(18)
-
Form of Long-Term Incentive Award Agreement, incorporated by reference from Exhibit 10(a) to Perrigo Company’s Quarterly Report on Form 10-Q filed on February 1, 2007 (File No. 000-19725).
 
 
 
(e)(19)
-
Form of Long-Term Incentive Award Agreement under Perrigo Company’s 2003 Long-Term Incentive Plan, incorporated by reference from Exhibit 10(d) to Perrigo Company’s Quarterly Report on Form 10-Q filed on May 8, 2007 (File No. 000-19725).
 
 
 
(e)(20)
-
Form of 2006 Long-Term Incentive Award Agreement, for Approved Section 102 Awards under Perrigo Company’s 2003 Long-Term Incentive Plan, incorporated by reference from Exhibit 10(f) to Perrigo Company’s Quarterly Report on Form 10-Q filed on May 8, 2007 (File No. 000-19725).
 
 
 
(e)(21)
-
Form of 2006 Long-Term Incentive Award Agreement under Perrigo Company’s 2003 Long-Term Incentive Plan, incorporated by reference from Exhibit 10(g) to Perrigo Company’s Quarterly Report on Form 10-Q filed on May 8, 2007 (File No. 000-19725).
 
 
 
(e)(22)
-
Forms of Restricted Stock Unit Award Agreement pursuant to Perrigo Company’s 2008 Long-Term Incentive Plan, incorporated by reference from Exhibit 10.50 to Perrigo Company’s Annual Report on Form 10-K filed on August 18, 2009 (File No. 000-19725).
 
 
 
(e)(23)
-
Forms of Restricted Stock Unit Award Agreement pursuant to Perrigo Company’s 2008 Long-Term Incentive Plan, incorporated by reference from Exhibit 10.52 to Perrigo Company’s Annual Report on Form 10-K filed on August 16, 2011 (File No. 000-19725).
 
 
 
(e)(24)
-
Forms of Grant Agreement under the 2013 Long-Term Incentive Plan, incorporated by reference from Exhibit 10.9 to the Company’s Quarterly Report on Form 10-Q filed on February 6, 2014.
 
 
 
(e)(25)
-
Employment Agreement, dated as of September 8, 2006, by and between Perrigo Company and Joseph C. Papa, incorporated by reference from Exhibit 10.1 to Perrigo Company’s Current Report on Form 8-K, filed on September 12, 2006 (File No. 000-19725).
 
 
 





(e)(26)
-
Employment Agreement, dated as of November 14, 2004, by and between Perrigo Company, Agis Industries (1983) Ltd. and Sharon Kochan, incorporated by reference from Exhibit 10(xx) to Perrigo Company’s Annual Report on Form 10-K filed on August 18, 2008 (File No. 000-19725).
 
 
 
(e)(27)
-
Amendment to Employment Agreement, dated as of March 17, 2005, by and between Perrigo Company, Agis Industries (1983) Ltd. and Sharon Kochan, incorporated by reference from Exhibit 10(yy) to Perrigo Company’s Annual Report on Form 10-K filed on August 18, 2008 (File No. 000-19725).
 
 
 
(e)(28)
-
Addendum to Employment Agreement between Sharon Kochan, Perrigo Company and Agis Industries (1983) Ltd., dated as of July 16, 2007, by and between Perrigo Company and Sharon Kochan, incorporated by reference from Exhibit 10(zz) to Perrigo Company’s Annual Report on Form 10-K filed on August 18, 2008 (File No. 000-19725).
 
 
 
(e)(29)
-
Form of Perrigo Company plc Director Indemnity Agreement, incorporated by reference from Exhibit 10.1 to the Company’s Current Report on Form 8-K filed on December 19, 2013 (File No. 333-190859).
 
 
 
(e)(30)
-
Form of Perrigo Company plc Officer Indemnity Agreement, incorporated by reference from Exhibit 10.2 to the Company’s Current Report on Form 8-K filed on December 19, 2013 (File No. 333-190859).
 
 
 
(e)(31)
-
Form of Perrigo Company Indemnity Agreement, incorporated by reference from Exhibit 10.3 to the Company’s Current Report on Form 8-K filed on December 19, 2013 (File No. 333-190859).
 
 
 
(e)(32)
-
Perrigo Company U.S. Severance Policy, incorporated by reference from Exhibit 10.3 of Perrigo Company’s Current Report on Form 8-K filed on November 18, 2013 (File No. 001-09689).
 
 
 
(e)(33)
-
Amendment No. 1 to the Annual Incentive Plan, effective as of June 22, 2015, incorporated by reference from Exhibit 10.10 to the Company’s Annual Report on Form 10-K filed on August 13, 2015 (File No. 001-36353).
 
 
 
(e)(34)
-
Amendment No. 2 to the Long-Term Incentive Plan, effective as of July 9, 2015, incorporated by reference from Exhibit 10.17 to the Company’s Annual Report on Form 10-K filed on August 13, 2015 (File No. 001-36353).

* Previously filed.
** Filed herewith.




EX-99.A 20 2 fy1611215usexa20.htm EXHIBIT 99.A 20 Exhibit


Exhibit (a) (20)

November 3, 2015

REJECT MYLAN’S GROSSLY INADEQUATE OFFER FOR PERRIGO

Dear Perrigo Shareholder,

Since launching its offer for Perrigo Company plc (“Perrigo”), Mylan N.V. (“Mylan”) has taken a deceptive approach to convince you to tender your shares into its value-destructive offer for Perrigo. I am writing to urge you to ignore the contrived reasoning and NOT tender shares into Mylan’s grossly inadequate offer.

Protect your investment by taking NO ACTION with the materials sent to you by Mylan.

PERRIGO POSITIONED TO DELIVER SUBSTANTIALLY SUPERIOR VALUE TO SHAREHOLDERS

Perrigo recently announced full year 2016 EPS guidance of $9.30, or $9.45 inclusive of the anticipated benefits of the first $500 million of a $2 billion share repurchase plan we announced two weeks ago.i EPS of $9.45 would represent a 22% increase over calendar year 2015 guidance midpoint of $7.75 per share.ii With our increased guidance and share repurchase plan, we have established a clear pathway to create even more value for our shareholders as compared to Mylan’s grossly inadequate offer.

This positive outlook reflects our clear “Base Plus Plus Plus” strategy to deliver top line growth and includes specific actions we are taking to accelerate shareholder value by maximizing efficiency and productivity, and further leveraging the strength of the durable global platform we have built. These actions will supercharge our earnings power and ensure that we maximize the benefits of our global platform to drive continued growth and superior shareholder value. Our business is uniquely positioned, more so than ever before – through our durable consumer-facing base, our global platform, and significant upside from future OTC switches – to continue our history of producing compelling growth and value.

MYLAN’S REPEATED GOVERNANCE FAILINGS

Mylan’s poor corporate governance practices have been well documented, leading commentators to note the “corporate governance discount” that Mylan has earned through its governance structure and actions. It previously hid the details of its governance changes from its own shareholders, leading to shareholder litigation. And now the U.S. Securities and Exchange Commission is investigating Mylan for its disclosures concerning “related party matters,” connected to real estate transactions involving the company and its lead “independent” director. Mylan apparently received a subpoena from the SEC on September 10, but it chose not to disclose the investigation for seven weeks; and when it finally did so, it included a single vague reference without details. Perrigo shareholders have the right to know the facts.

MYLAN’S “MAKE-BELIEVE” REASONING

Mylan’s attempts to hide the ball do not end with governance:

Inventing Self-Serving Metrics. Mylan continues to ignore real metrics and rely on self-serving invented concepts, such as Perrigo’s “hypothetical unaffected share price,” seemingly in a desperate attempt to rationalize a grossly inadequate premium.

Ignoring Real Metrics, Including Perrigo’s Durable High Trading Multiple. On Mylan’s October 30 conference call, Chairman Robert Coury instructed investors to allow the market to value the potential pro forma combined company -- and yet he has consistently dismissed the attractive durable trading multiple Perrigo has earned from the market.






Mylan’s offer would be the lowest premium to unaffected share price of any biopharma transaction of more than $5 billion in aggregate value since the start of 2012. It would be dilutive to Mylan EPS until at least year four,iii and it would require you to accept Mylan shares with a price-to-earnings multiple that is significantly inferior to your more-valuable Perrigo shares (not to mention Mylan’s lower projected growth ratesiv). Don’t be fooled – Mylan is trying to steal your company.

And don’t just take our word for it. Third party analysts and commentators have expressed their views too.

MYLAN’S OFFER IS A BAD DEAL –INDEPENDENT THIRD PARTIES AGREE

“We continue to believe that Mylan’s arguments for its acquisition of Perrigo lack both financial and strategic rationale...”
- Citi, September 17, 2015


“MYL’s presentation ultimately failed to convince us that tendering would be the right move for fundamentally focused PRGO investors.”        - Jefferies, October 13, 2015

“We see more value in Perrigo standalone.”    
- RBC, October 14, 2015

“We continue to believe PRGO is better off as a standalone company.”
- Guggenheim, October 30, 2015


PERRIGO HAS DELIVERED FAR GREATER SHAREHOLDER VALUE THAN MYLAN
AND WILL CONTINUE TO DO SO


Which company would you prefer to own?

Mylan’s offer is a bad deal for Perrigo shareholders. Perrigo’s Board of Directors strongly and unequivocally recommends that you DO NOT tender your shares into Mylan’s offer.

If you need assistance, or have questions, please contact MacKenzie Partners, Inc., Perrigo’s proxy solicitor, at 212-929-5500 or 800-322-2885 Toll-Free in North America or by email at PRGO@mackenziepartners.com.

We encourage shareholders to refer to Perrigo’s website for ongoing updates concerning Mylan’s offer at http://www.perrigo.com/StandaloneValue.








Yours sincerely,



Joseph C. Papa
Chief Executive Officer and Chairman


Irish Takeover Rules
The directors of Perrigo accept responsibility for the information contained in this announcement. To the best of the knowledge and belief of the directors of Perrigo (who have taken all reasonable care to ensure such is the case), the information contained in this announcement is in accordance with the facts and does not omit anything likely to affect the import of such information.

A person interested in 1% or more of any class of relevant securities of Perrigo or Mylan may have disclosure obligations under Rule 8.3 of the Irish Takeover Panel Act, 1997, Takeover Rules, 2013 ("Irish Takeover Rules").

A disclosure table, giving details of the companies in whose "relevant securities" "dealings" should be disclosed can be found on the Irish Takeover Panel's website at www.irishtakeoverpanel.ie. "Interests in securities" arise, in summary, when a person has long economic exposure, whether conditional or absolute, to changes in the price of securities. In particular, a person will be treated as having an "interest" by virtue of the ownership or control of securities, or by virtue of any option in respect of, or derivative referenced to, securities. Terms in quotation marks are defined in the Irish Takeover Rules, which can be found on the Irish Takeover Panel's website.

Rule 27 of the Takeover Rules

There has been no material change to the information contained in Annex C of the Schedule 14D-9.  With respect to the specific information requirements of Rule 27.1, there have been no changes to the information previously provided in Annex C of the Schedule 14D-9 as supplemented by the information provided in the letter to shareholders dated October 22nd, 2015 containing the profit forecasts of Perrigo for calendar year 2015 and calendar year 2016 (the "Profit Forecasts").

Rule 28.5 of the Takeover Rules

The directors of Perrigo confirm that the Profit Forecasts remain valid and each of EY and Morgan Stanley have indicated that they have no objection to their reports dated October 22nd, 2015 continuing to apply to the Profit Forecasts.

Morgan Stanley & Co. LLC acting through its affiliate, Morgan Stanley & Co. International plc, is financial advisor to Perrigo and no one else in connection with the matters referred to in this announcement. In connection with such matters, Morgan Stanley & Co. LLC, Morgan Stanley & Co. International plc, each of their affiliates and each of their and their affiliates' respective directors, officers, employees and agents will not regard any other person as their client, nor will they be responsible to any other person other than Perrigo for providing the protections afforded to their clients or for providing advice in connection with the contents of this announcement or any other matter referred to herein.

Forward-Looking Statements
Certain statements in this letter are forward-looking statements. These statements relate to future events or the Company’s future financial performance and involve known and unknown risks, uncertainties and other factors that may cause the actual results, levels of activity, performance or achievements of the Company or its industry to be materially different from those expressed or implied by any forward-looking statements. In some cases, forward-looking statements can be identified by terminology such as “may,” “will,” “could,” “would,” “should,” “expect,” “plan,” “anticipate,” “intend,” “believe,” “estimate,” “predict,” “potential” or other comparable terminology. The Company has based these forward-looking statements





on its current expectations, assumptions, estimates and projections. While the Company believes these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond the Company’s control. Risks and uncertainties include future actions that may be taken by Mylan in furtherance of its unsolicited offer; the timing, amount and cost of share repurchases; and the ability to execute and achieve the desired benefits of announced initiatives. These and other important factors, including those discussed under “Risk Factors” in the Perrigo Company’s Form 10-K for the year ended June 27, 2015, as well as the Company’s subsequent filings with the SEC, may cause actual results, performance or achievements to differ materially from those expressed or implied by these forward-looking statements. The forward-looking statements in this letter are made only as of the date hereof, and unless otherwise required by applicable securities laws, the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Additional Information and Where to Find It
This letter does not constitute an offer to buy or solicitation of an offer to sell any securities. In response to the exchange offer commenced by Mylan N.V., Perrigo has filed a solicitation/recommendation statement on Schedule 14D-9 with the Securities and Exchange Commission (“SEC”). Security holders are urged to read the solicitation/recommendation statement and other relevant materials if and when they become available because they will contain important information. The solicitation/recommendation statement and other SEC filings made by Perrigo may be obtained (when available) without charge at the SEC’s website at www.sec.gov and at the investor relations section of the Perrigo website at perrigo.investorroom.com. Shareholders may also obtain copies of the information by contacting Mackenzie Partners, Inc. at 212-929-5500 or 800-322-2885 Toll-Free in North America or by email at PRGO@mackenziepartners.com.




























i Illustrative CY2016 EPS including full impact of $500m of share buyback, expected to be completed by the end of 2015 and which is conditional on the lapsing of the Mylan Tender Offer, is expected to add $0.15 to Adj. EPS on an annual basis in CY2016. Illustrative impact of share buyback is not intended to constitute a profit forecast for any period nor should any statements be interpreted to mean that earnings or earnings per share will necessarily be greater or lesser than those for the relevant preceding financial periods for Perrigo.
ii Increase from calendar year 2015 EPS guidance midpoint of $7.75
iii Based on Mylan’s own estimates, the transaction is accretive to Mylan EPS for the first time in year four following the transaction.
iv Based on projected compound annual growth rates from 2016 to 2019 of Perrigo’s and Mylan’s operating income and revenue, based on Thomson Consensus Estimates.  Perrigo does not endorse or adopt these estimated growth rates.


EX-99.A 21 3 fy1611022015israelexa21.htm EXHIBIT 99.A 21 Exhibit


Exhibit (a) (21)

[English translation of the original Hebrew version]

November 3, 2015

REJECT MYLAN’S GROSSLY INADEQUATE OFFER FOR PERRIGO

Dear Perrigo Shareholder,

Since launching its offer for Perrigo Company plc (“Perrigo”), Mylan N.V. (“Mylan”) has taken a deceptive approach to convince you to tender your shares into its value-destructive offer for Perrigo. I am writing to urge you to ignore the contrived reasoning and NOT tender shares into Mylan’s grossly inadequate offer.

Protect your investment by taking NO ACTION with the materials sent to you by Mylan.

PERRIGO POSITIONED TO DELIVER SUBSTANTIALLY SUPERIOR VALUE TO SHAREHOLDERS

Perrigo recently announced full year 2016 EPS guidance of $9.30, or $9.45 inclusive of the anticipated benefits of the first $500 million of a $2 billion share repurchase plan we announced two weeks ago.i EPS of $9.45 would represent a 22% increase over calendar year 2015 guidance midpoint of $7.75 per share.ii With our increased guidance and share repurchase plan, we have established a clear pathway to create even more value for our shareholders as compared to Mylan’s grossly inadequate offer.

This positive outlook reflects our clear “Base Plus Plus Plus” strategy to deliver top line growth and includes specific actions we are taking to accelerate shareholder value by maximizing efficiency and productivity, and further leveraging the strength of the durable global platform we have built. These actions will supercharge our earnings power and ensure that we maximize the benefits of our global platform to drive continued growth and superior shareholder value. Our business is uniquely positioned, more so than ever before – through our durable consumer-facing base, our global platform, and significant upside from future OTC switches – to continue our history of producing compelling growth and value.

MYLAN’S REPEATED GOVERNANCE FAILINGS

Mylan’s poor corporate governance practices have been well documented, leading commentators to note the “corporate governance discount” that Mylan has earned through its governance structure and actions. It previously hid the details of its governance changes from its own shareholders, leading to shareholder litigation. And now the U.S. Securities and Exchange Commission is investigating Mylan for its disclosures concerning “related party matters,” connected to real estate transactions involving the company and its lead “independent” director. Mylan apparently received a subpoena from the SEC on September 10, but it chose not to disclose the investigation for seven weeks; and when it finally did so, it included a single vague reference without details. Perrigo shareholders have the right to know the facts.

MYLAN’S “MAKE-BELIEVE” REASONING

Mylan’s attempts to hide the ball do not end with governance:

Inventing Self-Serving Metrics. Mylan continues to ignore real metrics and rely on self-serving invented concepts, such as Perrigo’s “hypothetical unaffected share price,” seemingly in a desperate attempt to rationalize a grossly inadequate premium.

Ignoring Real Metrics, Including Perrigo’s Durable High Trading Multiple. On Mylan’s October 30 conference call, Chairman Robert Coury instructed investors to allow the market to value the potential pro





forma combined company -- and yet he has consistently dismissed the attractive durable trading multiple Perrigo has earned from the market.

Mylan’s offer would be the lowest premium to unaffected share price of any biopharma transaction of more than $5 billion in aggregate value since the start of 2012. It would be dilutive to Mylan EPS until at least year four,iii and it would require you to accept Mylan shares with a price-to-earnings multiple that is significantly inferior to your more-valuable Perrigo shares (not to mention Mylan’s lower projected growth ratesiv). Don’t be fooled – Mylan is trying to steal your company.

And don’t just take our word for it. Third party analysts and commentators have expressed their views too.

MYLAN’S OFFER IS A BAD DEAL –INDEPENDENT THIRD PARTIES AGREE

“We continue to believe that Mylan’s arguments for its acquisition of Perrigo lack both financial and strategic rationale...”
- Citi, September 17, 2015

“MYL’s presentation ultimately failed to convince us that tendering would be the right move for fundamentally focused PRGO investors.”
- Jefferies, October 13, 2015

“We see more value in Perrigo standalone.”    
- RBC, October 14, 2015

“We continue to believe PRGO is better off as a standalone company.”
- Guggenheim, October 30, 2015


PERRIGO HAS DELIVERED FAR GREATER SHAREHOLDER VALUE THAN MYLAN
AND WILL CONTINUE TO DO SO


Which company would you prefer to own?

The last day of this tender offer is November 13. In the unlikely event that Mylan acquires over 50% of Perrigo’s shares in the offer, Mylan is still required by Irish law to provide a “subsequent offer period” – a period of 14 additional days when shareholders can tender for the exact same offer consideration. That means you will not be “stuck” if you do not tender your shares by November 13 because you do not like the deal.

Perrigo recently celebrated the 10th anniversary of our listing on the TASE. During that time we have increased our Israeli employee base to over 1,200 employees and made significant investments in our Israeli operational and R&D centers, which have been and will continue to remain a critical part of





Perrigo’s success. In addition, your pension’s performance has likely benefited from Perrigo’s listing on the TASE. For these and other reasons, we urge you to call your investment house and recommend that it oppose the offer and not tender any shares into this offer.

By contrast, Mylan's commitment to Israel is flimsy. While Mylan promised to "neutralize" its extreme anti-takeover device (called a "stitching"), which controls 50% of its vote, in order to be able to dual list on the TASE, its commitment is utterly illusory - if the stichting is ever activated, Mylan would simply be delisted from the TASE so that it could fend off another compelling offer as it did with Teva. You should also know that, while Mylan has threatened to delist Perrigo’s shares from both the NYSE and the TASE if its offer succeeds, only a Perrigo board, and not Mylan, can decide to delist. We believe that no board could realistically conclude that delisting from all exchanges would be in the shareholders' best interest. Mylan has issued this coercive threat simply to scare you into tendering into a bad deal.

Mylan’s offer is a bad deal for Perrigo shareholders. Perrigo’s Board of Directors strongly and unequivocally recommends that you DO NOT tender your shares into Mylan’s offer.

If you need assistance, or have questions, please contact MacKenzie Partners, Inc., Perrigo’s proxy solicitor, at 212-929-5500 or 800-322-2885 Toll-Free in North America or by email at PRGO@mackenziepartners.com.

We encourage shareholders to refer to Perrigo’s website for ongoing updates concerning Mylan’s offer at http://www.perrigo.com/StandaloneValue.



Yours sincerely,



Joseph C. Papa
Chief Executive Officer and Chairman


Irish Takeover Rules
The directors of Perrigo accept responsibility for the information contained in this announcement. To the best of the knowledge and belief of the directors of Perrigo (who have taken all reasonable care to ensure such is the case), the information contained in this announcement is in accordance with the facts and does not omit anything likely to affect the import of such information.

A person interested in 1% or more of any class of relevant securities of Perrigo or Mylan may have disclosure obligations under Rule 8.3 of the Irish Takeover Panel Act, 1997, Takeover Rules, 2013 ("Irish Takeover Rules").

A disclosure table, giving details of the companies in whose "relevant securities" "dealings" should be disclosed can be found on the Irish Takeover Panel's website at www.irishtakeoverpanel.ie. "Interests in securities" arise, in summary, when a person has long economic exposure, whether conditional or absolute, to changes in the price of securities. In particular, a person will be treated as having an "interest" by virtue of the ownership or control of securities, or by virtue of any option in respect of, or derivative referenced to, securities. Terms in quotation marks are defined in the Irish Takeover Rules, which can be found on the Irish Takeover Panel's website.

Rule 27 of the Takeover Rules

There has been no material change to the information contained in Annex C of the Schedule 14D-9.  With respect to the specific information requirements of Rule 27.1, there have been no changes to the information previously provided in Annex C of the Schedule 14D-9 as supplemented by the information





provided in the letter to shareholders dated October 22nd, 2015 containing the profit forecasts of Perrigo for calendar year 2015 and calendar year 2016 (the "Profit Forecasts").

Rule 28.5 of the Takeover Rules

The directors of Perrigo confirm that the Profit Forecasts remain valid and each of EY and Morgan Stanley have indicated that they have no objection to their reports dated October 22nd, 2015 continuing to apply to the Profit Forecasts.

Morgan Stanley & Co. LLC acting through its affiliate, Morgan Stanley & Co. International plc, is financial advisor to Perrigo and no one else in connection with the matters referred to in this announcement. In connection with such matters, Morgan Stanley & Co. LLC, Morgan Stanley & Co. International plc, each of their affiliates and each of their and their affiliates' respective directors, officers, employees and agents will not regard any other person as their client, nor will they be responsible to any other person other than Perrigo for providing the protections afforded to their clients or for providing advice in connection with the contents of this announcement or any other matter referred to herein.

Forward-Looking Statements
Certain statements in this letter are forward-looking statements. These statements relate to future events or the Company’s future financial performance and involve known and unknown risks, uncertainties and other factors that may cause the actual results, levels of activity, performance or achievements of the Company or its industry to be materially different from those expressed or implied by any forward-looking statements. In some cases, forward-looking statements can be identified by terminology such as “may,” “will,” “could,” “would,” “should,” “expect,” “plan,” “anticipate,” “intend,” “believe,” “estimate,” “predict,” “potential” or other comparable terminology. The Company has based these forward-looking statements on its current expectations, assumptions, estimates and projections. While the Company believes these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond the Company’s control. Risks and uncertainties include future actions that may be taken by Mylan in furtherance of its unsolicited offer; the timing, amount and cost of share repurchases; and the ability to execute and achieve the desired benefits of announced initiatives. These and other important factors, including those discussed under “Risk Factors” in the Perrigo Company’s Form 10-K for the year ended June 27, 2015, as well as the Company’s subsequent filings with the SEC, may cause actual results, performance or achievements to differ materially from those expressed or implied by these forward-looking statements. The forward-looking statements in this letter are made only as of the date hereof, and unless otherwise required by applicable securities laws, the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Additional Information and Where to Find It
This letter does not constitute an offer to buy or solicitation of an offer to sell any securities. In response to the exchange offer commenced by Mylan N.V., Perrigo has filed a solicitation/recommendation statement on Schedule 14D-9 with the Securities and Exchange Commission (“SEC”). Security holders are urged to read the solicitation/recommendation statement and other relevant materials if and when they become available because they will contain important information. The solicitation/recommendation statement and other SEC filings made by Perrigo may be obtained (when available) without charge at the SEC’s website at www.sec.gov and at the investor relations section of the Perrigo website at perrigo.investorroom.com. Shareholders may also obtain copies of the information by contacting Mackenzie Partners, Inc. at 212-929-5500 or 800-322-2885 Toll-Free in North America or by email at PRGO@mackenziepartners.com.


i Illustrative CY2016 EPS including full impact of $500m of share buyback, expected to be completed by the end of 2015 and which is conditional on the lapsing of the Mylan Tender Offer, is expected to add $0.15 to Adj. EPS on an annual basis in CY2016. Illustrative impact of share buyback is not intended to constitute a profit forecast for any period nor should any statements be interpreted to mean that earnings or earnings per share will necessarily be greater or lesser than those for the relevant preceding financial periods for Perrigo.
ii Increase from calendar year 2015 EPS guidance midpoint of $7.75
iii Based on Mylan’s own estimates, the transaction is accretive to Mylan EPS for the first time in year four following the transaction.
iv Based on projected compound annual growth rates from 2016 to 2019 of Perrigo’s and Mylan’s operating income and revenue, based on Thomson Consensus Estimates.  Perrigo does not endorse or adopt these estimated growth rates.


GRAPHIC 4 prgofightletter11215i_image1.gif begin 644 prgofightletter11215i_image1.gif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end GRAPHIC 5 prgofightletter11215u_image1.gif begin 644 prgofightletter11215u_image1.gif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end