(PRN) Announcement Regarding Possible Offer


BFW 04/08 17:03 Perrigo Board to Meet to Discuss Mylan Proposal
BN 04/08 17:00 *PERRIGO BOARD TO MEET TO DISCUSS PROPOSAL
BFW 04/08 17:00 *PERRIGO CONFIRMS IT HAS RECEIVED A PROPOSAL FROM MYLAN
BN 04/08 17:00 *PERRIGO: NO CERTAINTY ANY OFFER WILL BE MADE
BN 04/08 17:00 *PERRIGO CONFIRMS IT HAS RECEIVED A PROPOSAL FROM MYLAN
BN 04/08 17:00 *PERRIGO: WILL MEET TO DISCUSS PROPOSAL
BN 04/08 17:00 *PERRIGO CONFIRMS IT HAS RECEIVED PROPOSAL FROM MYLAN
Announcement Regarding Possible Offer
2015-04-08 17:00:17.908 GMT

Announcement Regarding Possible Offer

This is an announcement falling under Rule 2.4 of Irish Takeover Panel Act,
1997, Takeover Rules, 2013 (the "Takeover Rules").

PR Newswire

DUBLIN, April 8, 2015

DUBLIN, April 8, 2015 /PRNewswire/ -- Perrigo Company plc ("Perrigo" or the
"Company") (NYSE: PRGO; TASE) notes the announcement made by Mylan NV
("Mylan") (NASDAQ: MYL).  Perrigo confirms that it has received an
unsolicited, indicative proposal from Mylan regarding a possible offer for the
Company (the "Proposal").

Perrigo Company.

The Board of Perrigo will meet to discuss the Proposal and a further
announcement will be made when appropriate.

There can be no certainty that any offer will be made.

About Perrigo

Perrigo Company plc, a top five global over-the-counter (OTC) consumer goods
and pharmaceutical company, offers consumers and customers high quality
products at affordable prices. From its beginnings in 1887 as a packager of
generic home remedies, Perrigo, headquartered in Ireland, has grown to become
the world's largest manufacturer of OTC products and supplier of infant
formulas for the store brand market. The Company is also a leading provider of
generic extended topical prescription products and receives royalties from
Multiple Sclerosis drug Tysabri®. Perrigo provides "Quality Affordable
Healthcare Products®" across a wide variety of product categories and
geographies primarily in North America, Europe, and Australia, as well as
other key markets including Israel and China.

A copy of this announcement will be available on Perrigo's website at
www.perrigo.com.

The Directors of Perrigo accept responsibility for the information contained
in this announcement. To the best of their knowledge and belief (having 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 may have disclosure obligations under Rule 8.3 of the Irish Takeover
Rules, effective from the date of this announcement.   

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.

If you are in any doubt as to whether or not you are required to disclose a
"dealing" under Rule 8, please consult the Irish Takeover Panel's website at
www.irishtakeoverpanel.ie or contact the Irish Takeover Panel on telephone
number +353 1 678 9020; fax number +353 1 678 9289.

Logo - http://photos.prnewswire.com/prnh/20120301/DE62255LOGO

To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/announcement-regarding-possible-offer-300062930.html

SOURCE Perrigo Company plc

Website: http://www.perrigo.com
Contact: Arthur J. Shannon, Vice President, Investor Relations and Global
Communications, (269) 686-1709, ajshannon@perrigo.com, or Bradley Joseph,
Director, Investor Relations and Global Communications, (269) 686-3373,
bradley.joseph@perrigo.com

-0- Apr/08/2015 17:00 GMT

FT : Vivendi eyes ‘transformational’ deals to become media player

Vivendi eyes ‘transformational’ deals to become media player

Vivendi may have taken some criticism from an activist investor recently, but Arnaud de Puyfontaine, chief executive of the French media group, says he is back on the front foot.
Vivendi, the owner of Universal Music Group and Canal Plus, this week entered exclusive talks with Orange to acquire a majority stake in Dailymotion, the online video site.

The deal will be the first of many, Mr de Puyfontaine tells the Financial Times in an interview amid visits to Vivendi’s US-based shareholders.
“We are on a journey to become a fully dedicated player in media and content,” he says. “We are thinking about transformational transactions.”
Reports have suggested that one of the potential targets could be Sky, the pay-TV operator in which Rupert Murdoch’s 21st Century Fox owns a 39 per cent stake, but Mr de Puyfontaine says Vivendi has no interest.
He also rules out ITV, the British free to air broadcaster, saying, “ITV is a great company,” but it is “too expensive”.
The company will look at acquisition targets “with intrinsic value” that can be unlocked by Vivendi’s other businesses. “We will not do deals just because we can do them,” he insists. “We will do deals that are fit for purpose and which will create value for our shareholders.”

There have been many iterations of Vivendi over the years. It started life in the 19th century as a water utility under Napoleon III and gradually branched out to become a large collection of disparate media, telecoms and gaming holdings with a huge debt burden.
In the past two years it has been aggressively streamlining by selling an estimated €35bn of assets, including its stakes in SFR, the French wireless carrier, and GVT, the Brazilian telecoms group. When the last of the sales is completed by the end of May and the company has paid out its dividend, the group’s cash position will be about €11bn.
The cash has attracted activist interest, with Vivendi’s strategy and dividend policy criticised by P. Schoenfeld Asset Management, a US hedge fund that holds 0.8 per cent of the group’s shares. PSAM wants a larger amount of cash — about €9bn — to be returned to shareholders and has also called for the sale of UMG.
Vincent Bollore, billionaire and chairman of the Bollore Group, pauses during an interview at the Autolib' car-sharing headquarters in Vaucresson, France, on Monday, March 9, 2015. Bollore is targeting Los Angeles and Singapore as the next markets for his Autolib' electric-car sharing service after its debuts later this year in London and Indianapolis. Photographer: Marlene Awaad/Bloomberg *** Local Caption *** Vincent Bollore©Bloomberg
Vincent Bolloré, Vivendi chairman
But Mr de Puyfontaine and Vincent Bolloré, the French investor and entrepreneur who is Vivendi’s chairman and largest shareholder, have a different plan. Mr de Puyfontaine says they have begun to transform Vivendi from a holding company into a streamlined, operating company with integrated divisions specialising in content and distribution.
“We want to use efficiently the resources available to us,” he says.
Dailymotion is a case in point. Vivendi has agreed to buy an 80 per cent stake in the company, valuing the online video operator at €265m. Mr de Puyfontaine points to the possible synergies it offers with Canal Plus and UMG. As a digital distribution platform Dailymotion has a vast, global reach and could introduce UMG’s roster of artists and Canal Plus programming to new, international audiences.
While not revealing potential takeover targets, Mr de Puyfontaine is more keen to talk about Vivendi’s success in theatrical movie production: Studio Canal, the movie arm of Canal Plus, finances more movies in the UK than any other entity and recently scored with its big-screen version of Paddington, which has been a box-office hit around the world. Book publishing could be another area for Vivendi to explore, he suggests. “Eighty per cent of the creative ideas in film are coming from ideas in publishing books.”

He hints that Vivendi needs greater scale and more distribution options for its content, pointing to the discrepancy that exists between US and European television productions. Marco Polo, a recent series from Netflix, cost an estimated €90m for 12 episodes; Versailles, a Canal Plus series, cost €30m for 10 episodes, he says.
Greater scale of distribution would allow Vivendi to invest more in it programming, he says.
The company is also exploring expanding its concert ticketing business, which could have significant benefits if it is plugged in to UMG.
Those synergies would be lost if Vivendi sold UMG, as PSAM has proposed, and Mr de Puyfontaine has stern words for proponents of a break-up. “We are strongly against a separation. There would be a real risk attached to it,” he says.
But he stresses he wants to work with PSAM. “At the end of the day, I hope we can have positive discussions with them.”

>>> LULU +5.26% on big volume breaking highs...big volume yest too...

next earn on the 12/06

keep an eye on it...

* Oppenheimer comment :
Oppenheimer notes with new team in place, investments in infrastructure/processes starting to bear fruit 2H15, big category opportunity, LULU should be consistently posting high teens rev growth for years to come, or $3.5-4B in sales opportunity; $3.50-4.00 in earnings power. Co remains one of firm's top ideas in '15—they think important Easter weekend was strong as company was able to allocate spring product on time despite port delays.


* lululemon athletica upgraded to Buy from Neutral at Sterne Agee

12M Target consensus @ 67.80 vs 69.63 now

49% of Buy
40% of Hold

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- Blackstone took Hilton private in 2007 and refloated the stock in 2013. Chatter suggests a Chinese consortium including JinJiang Intl has made an approach to Blackstone for its majority stake in HLT, but that BX wants more than the $45/shr that is rumored to have been offered.