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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. 

Despite expectations for a flat global automotive market, particularly overseas, executives at Zeeland-based Gentex Corp. said today that they stand behind their earlier projections for the current year as the company continues to make inroads in getting its content into smaller vehicles.

The results of a new survey conducted by Massachusetts-based office supply chain Staples Inc. shows that 80 percent of small business leaders in the Midwest are largely optimistic about the economy.

Partners Horizon Group Properties Inc. (OTC: HGPI), a Norton Shores-based developer of factory outlet shopping centers, and Tennessee-based CBL & Associates Properties Inc. (NYSE: CBL) have broken ground on two different projects in the southern U.S., according to a pair of statements.

This week’s approval by the Federal Reserve Board came a week before shareholders at the privately-held Lake Michigan vote on April 27 to consider the deal, which would give the Midland-based Chemical Financial (Nasdaq: CHFC) $8.7 billion in combined total assets and $6.9 billion in combined deposits.

Directors at Perrigo Co. plc have rejected a buyout offer from English-based Mylan N.V. citing its own strong growth potential through new product development and from business related to past and future acquisitions.

Mercantile reports strong first quarter

Written by | Tuesday, 21 April 2015 13:55 |

The Grand Rapids-based Mercantile Bank (Nasdaq: MBWM) recorded for the first quarter net income of $6.46 million, or 41 cents per diluted share, which compares with $3.58 million and 41 cents per diluted share in the first quarter of 2014.

The ranking from Truven Health Analytics marked the fourth time that Grand Rapids-based Spectrum Health made the list. Spectrum Health was the only Michigan health system cited this year by Truven.

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