Dutch Shareholders’ Association, VEB, has announced Mylan if the failure to rattle together enough support among Mylan’s shareholders to get a stämmoomröstning MEDA bid. It writes Mylan in a submission to the SEC.
Mylan and VEB disagree on is how to count when assessing MEDA bid is a substantial change.
Mylan, which is legally domiciled in the Netherlands must allow shareholders to vote on the deal at a meeting if it involves a substantial change, which the Act defines an acquisition that exceeds at least one third of their total assets.
Mylan and VEB is partly disagree the balance sheet to use for the calculation and also how to evaluate the bid for MEDA. VEB believes that one should count on Meda’s liabilities, Mylan is of a different opinion and states that two Dutch law firms gave the company advice on the issue.
When it comes to the owners, so judges Mylan to have support.
“Mylan has met and spoken by a majority of the largest owners and Mylan is very pleased with the strong support they have expressed,” writes Mylan.
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