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Mylan launching hostile bid Sept. 14 for Perrigo

Written by | Wednesday, 09 September 2015 10:42 |

Mylan N.V., nearly five months after publicly stating it wants to acquire the company, plans to take a buyout proposal, now estimated at $27.1 billion, directly to Perrigo Co. plc shareholders Sept. 14 in a hostile takeover bid.

Coldwater, Mich.-based Coldwater Veneer Inc. was acquired by private equity firm Industrial Opportunity Partners (IOP) of Evanston, Ill. as part of a management buyout, according to a statement. The transaction also included West Point, Va.-based subsidiary West Point Veneer LLC.

The two Grand Rapids properties included Hampton Inn Grand Rapids-North, located at 500 Center Drive near the intersection of I-96 and the East Beltline, as well as Spring Hill Suites Grand Rapids-North at 450 Center Drive, also in the same vicinity. The company also acquired the East Lansing Hampton Inn at 2500 Coolidge Road.

FENNVILLE — A wholly-owned subsidiary of Anheuser Busch LLC has acquired a majority interest in a West Michigan-based hard cider producer, MiBiz has learned.

Priority Health CEO retiring in early 2016

Written by | Thursday, 03 September 2015 15:07 |

Priority Health CEO Mike Freed plans to retire early next year, ending more than three years as head of the second-largest health plan in Michigan and two decades with parent corporation Spectrum Health. Freed announced his intention retire now to give Priority Heath adequate time to plan a smooth transition to a successor CEO.

Longtime Wege Foundation CEO to retire

Written by | Thursday, 03 September 2015 10:21 |

The Grand Rapids-based Wege Foundation released a statement today announcing that current President and CEO Ellen Satterlee would be retiring, effective Oct. 30, 2015.

Varsity News Network Inc., the Grand Rapids firm that provides schools a web-based platform to distribute content on sports programs, closed on $3.7 million in additional financing that will support national growth and development of a mobile app.

The acquisition comes as part of Unique Fabricating’s (NYSE: UFAB) overall growth strategy of tapping customers in new markets and product segments, CEO John Weinhardt said in a statement.

Perrigo acquires skin care products brand

Written by | Tuesday, 01 September 2015 14:01 |

Continuing to buy as it prepares to fend off a hostile takeover bid by Mylan N.V., Perrigo Co. plc acquired the ScarAway brand from Enhalus LLC, a marker of over-the-counter skin care products including treatments for scars.

GRAND RAPIDS — Despite a prolonged, controversial and contested bankruptcy process, Grand Rapids-based Family Christian Stores has emerged from Chapter 11 with a humble growth strategy and the backing of nearly all of its former creditors.

GRCC establishes partnership with WMU

Written by | Friday, 28 August 2015 10:55 |

Grand Rapids Community College has partnered with Western Michigan University to create a seamless path for its students to transfer into the university’s programs, according to a statement.

Mylan N.V. will proceed with a hostile takeover attempt of Perrigo Co. plc. The company says more than the required two-thirds of shareholders voted today to back the $32.7 billion unsolicited offer for Perrigo.

Lansing-based Neogen Corp. (NASDAQ: NEOG) acquired the stock of United Kingdom-based Lab M Holdings today, according to a statement.

Brothers Bruce and Dan Israel have taken over the team, which competes in the United States Hockey League, a Tier 1 junior hockey league. The Israel brothers, both from the Detroit area, have retained general manager John Vanbiesbrouck and head coach Todd Krygier.

In a letter to shareholders, Perrigo Chairman and CEO Joe Papa accused Mylan of threatening to delist Perrigo shares should it secure a controlling interest in the company in a hostile takeover attempt.

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