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Refusing to take “no” for an answer, Mylan N.V. today raised its offer to acquire Perrigo Co. plc to nearly $32.7 billion — an offer that was quickly rejected.

The plan for ancillary development as part of Michigan State University’s proposed Biomedical Research Center in Grand Rapids took a step forward this morning.

While the effort to raise the state’s sales tax to fund road repairs has fractured the Michigan business community in recent months, one regional economic development agency made a rare endorsement today by coming out in support of Proposal 1.

Grand Rapids-based Electronic Cigarettes International Group Ltd. plans to use a $41 million loan to alleviate long-standing debt and bolster its balance sheet.

Global footwear and apparel marketer Wolverine World Wide Inc. said today that the strong U.S. dollar continued to pose a headwind last quarter.

Construction of both the interior and exterior sections of the 8,600-square-foot facility is now underway and the expected completion is slated for July. The BMW showroom has temporarily been relocated next door to Sharpe’s Mini showroom.

Galesburg-based Bell’s Brewing Inc. plans to expand its manufacturing facility to be able to produce 1 million barrels of beer annually, up from 319,000 barrels last year.

It remains up in the air as to whether Michigan Gov. Rick Snyder will be joining the GOP field running for President in 2016.

Perrigo to Mylan: No thanks a second time

Written by | Friday, 24 April 2015 12:57 |

Perrigo Co. plc this afternoon rejected a formal takeover from Mylan N.V. and urged its shareholders to do the same.

In an announcement this morning at the Grand Rapids Art Museum (GRAM), Grand Rapids Mayor George Heartwell said that the city has joined nine other cities such as Seattle, San Francisco and Los Angeles in an effort to get developers and building owners to reduce energy use in buildings.

The Potters Field, England-based Mylan initiated a process under Irish takeover rules to formally offer Perrigo shareholders $60 in cash and 2.2 of Mylan’s ordinary shares for every share they hold, an offer that equates to around $30.0 billion.

Macatawa Bank earnings up for first quarter

Written by | Friday, 24 April 2015 09:42 |

Macatawa Bank Corp. reported higher earnings and strong loan growth for the first quarter.

Metro Health Corp.’s proposed joint venture with Community Health Systems Inc. gained plenty of public support Thursday, including the endorsement of a health care planning agency and the former head of the Michigan Department of Community Health.

The advisory firm KPMG LLP has leased space in the Franklin Partners-owned 99 Monroe building, according to a statement.

MSHDA names new executive director

Written by | Thursday, 23 April 2015 10:32 |

The former chief deputy director of the Department of Licensing and Regulatory Affairs has been unanimously approved by the board of directors at the Michigan State Housing Development Authority to serve as its executive director. 

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