Mylan NV to Discuss the Value Creation Available to Perrigo Shareholders Through Mylan's Offer Conference Call Summary

The following is excerpted from the question-and-answer section of the transcript.

Question: Umer Raffat - Evercore ISI - Analyst : Hi, just a quick question. Do you guys have any insight into if any Perrigo shareholders have tendered their shares yet?

Question: Ronny Gal - Bernstein - Analyst : Good afternoon, and thank you very much for the presentation. You've presented some very nice information about accretion to the earning power of the combined Company versus Perrigo alone. The counterargument that was presented was that while Perrigo shareholders own 100% of the company, and therefore, the earnings per share that is created, under the Mylan combination, they will share this earning power with other stakeholders of the Company. And I was wondering, Robert, if you can directly address this question? Essentially, why is it better for Perrigo shareholders to be part of a stakeholder part Company than a shareholder company?

Question: Ronny Gal - Bernstein - Analyst : Thank you.

Question: Tim Chiang - BTIG - Analyst : Hi, thank you. I think Perrigo's stance on Tysabri is a little different than your stance. I think that there is some data coming out and secondary progressive MS. And I wanted to get your thoughts on that potential opportunity for Perrigo. I know that that's come up a lot in my conversations with clients on the Perrigo side. Could you offer some comments on that?

Question: Jason Gerberry - Leerink Partners - Analyst : Hi, good evening. Thank you for taking my question. Just a question around the tender process. You mentioned in one of your slides once you get to 50%, you expect to quickly get to the 80%. And can you just educate me -- pardon me for the crude question, but does something happen when you get to 50% that causes you to get the additional 30%? Or are you just confident that once you hit that 50% threshold that on the subsequent tender, however many months later that is, that you'll ultimately get to the 80%? Thank you.

Question: Jason Gerberry - Leerink Partners - Analyst : Yes, it is. So I guess the view is that sub 80%, you could still capture the synergies of operational control. REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. OCTOBER 13, 2015 / 9:00PM, VTRS.OQ - Mylan NV to Discuss the Value Creation Available to Perrigo

Question: Jason Gerberry - Leerink Partners - Analyst : Okay, thank you.

Question: Greg Fraser - Deutsche Bank - Analyst : Thank you. It's Greg Fraser on for Gregg Gilbert. Follow up on the synergy topic. Perrigo has discussed the potential for disynergies related to change in control positions in their supplier contracts. Just wondering what is your view on that potential risk and have you factored anything into your estimates for that type of dissynergy? Thank you.

Question: Elliot Wilbur - Raymond James - Analyst : Thank you, good afternoon. Robert, you earlier mentioned that if in fact you are successful in attaining the platform, you're ready to redeploy Mylan managers to run the Perrigo business. Maybe could you just talk to us a little bit more about -- assuming the fact that you're successful, you're not going to be able to retain a lot of Perrigo senior operating management. Maybe just talk to us a little bit about your in-house capabilities in terms of running a large, complex global OTC business and also some of their more diverse businesses around infant nutritionals and some other areas, just maybe an assessment of your internal capabilities to run those businesses based on the assumption that a lot of the Perrigo senior operating management wouldn't in fact remain around. Thank you.

Question: Elliot Wilbur - Raymond James - Analyst : A little.

Question: Sumant Kulkarni - BofA Merrill Lynch - Analyst : Good evening. Thanks for taking my question. Looking at slide 19, we see a potential decline in organic revenues at Perrigo. What are some of the specific steps that Mylan could take to arrest that decline?

Question: Sumant Kulkarni - BofA Merrill Lynch - Analyst : Thank you.

Question: Ami Fadia - UBS - Analyst : Hi, this is Ami Fadia on behalf of Marc. I had a question regarding the statement made by Perrigo, and that they indicated that there was $1 billion in business that was subject to a change of control provision. Have you done some deep dive into that, and what is your thinking around addressing the risk of potentially losing that business? Thank you. REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. OCTOBER 13, 2015 / 9:00PM, VTRS.OQ - Mylan NV to Discuss the Value Creation Available to Perrigo