Netherlands AG Rejects VEB' Request On Mylan Shareholder Approval Of Meda Deal

(RTTNews) - Mylan N.V. (MYL) confirmed that the Attorney General of the Netherlands has rejected the request of the Dutch group VEB to initiate enquiry proceedings at the Enterprise Chamber of the Amsterdam Court of Appeal in respect of VEB's opinion that Mylan's shareholders should approve its recently announced public offer for all shares in Meda Aktiebolag.

Mylan noted that it has consistently communicated to the VEB and to its shareholders that under applicable law such shareholder approval is not required.

Mylan N.V. launched its recommended public offer to the shareholders of Meda on June 17, 2016 to tender all their shares in Meda to Mylan.

Mylan Executive Chairman Robert J. Coury said, "At Mylan, we are passionate about growing our company, while at the same time we have always and will always be fully committed to complying with all applicable laws and regulations. The Attorney General's decision supports our position that our acquisition of Meda is not subject to approval by Mylan shareholders. The acquisition of Meda will allow us to accelerate and deliver on the clear and compelling vision and long-term strategy we have continuously communicated to our shareholders, and once again deliver a transaction that will create significant value."