MYL Mylan NV

NEW YORK, Aug. 14, 2015 /PRNewswire/ -- On behalf of funds that it manages, Paulson & Co. today voted all of its 21.9 million Mylan (NASDAQ: MYL) shares in support of the proposed merger with Perrigo (NYSE: PRGO). 

John Paulson, President of Paulson & Co., said "The combination of Mylan's unparalleled generic capabilities with Perrigo's attractive OTC platform would create a global pharmaceutical powerhouse. The combined company will benefit from the growth in generics and OTC plus the migration of generics to OTC for many years to come. Mylan management has a successful track record of integrating acquisitions. The transaction is expected to be accretive based on cost synergies alone and likely meaningfully accretive when revenue synergies are taken into account."

Paulson & Co., founded in 1994 is an investment management firm specializing in event-driven strategies. Paulson has approximately US$20 billion in assets under management and has offices in New York, London and Hong Kong.

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SOURCE Paulson & Co. Inc.