ALLEGAN, MI (WHTC) - Shareholders of Perrigo are scheduled to meet in Allegan this morning to discuss the proposed 6.7 billion-dollar purchase of Élan Corporation that is slated for closing by year’s end. The deal, announced earlier this summer, would result in Perrigo reorganizing as a Irish-based company in order to capitalize on that country’s lower corporate tax rate that is less than half of the US. Company officials insist that no jobs or operations in West Michigan would be cut as a result of this move.
Earlier today in Dublin, Élan shareholders approved the deal.